Elmet Group (NASDAQ:ELMT) Now Covered by Analysts at Roth Mkm

Equities research analysts at Roth Mkm began coverage on shares of Elmet Group (NASDAQ:ELMT) in a research report issued on Monday. The firm set a “buy” rating and a $21.00 price target on the stock. Roth Mkm’s price target indicates a potential upside of 35.92% from the stock’s current price.

ELMT has been the topic of a number of other reports. Wall Street Zen raised Elmet Group to a “hold” rating in a research note on Saturday, May 2nd. Needham & Company LLC initiated coverage on shares of Elmet Group in a report on Monday. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Canaccord Genuity Group began coverage on shares of Elmet Group in a report on Monday. They set a “buy” rating and a $20.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $20.50.

Elmet Group Price Performance

Shares of ELMT opened at $15.45 on Monday. Elmet Group has a 52 week low of $14.69 and a 52 week high of $22.25.

Insider Transactions at Elmet Group

In related news, Director Kimberly Monzeglio Anania acquired 7,000 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was bought at an average cost of $14.00 per share, for a total transaction of $98,000.00. Following the completion of the transaction, the director directly owned 7,000 shares of the company’s stock, valued at $98,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathie Merrill Leonard acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was bought at an average cost of $14.00 per share, for a total transaction of $70,000.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at $70,000. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

About Elmet Group

Elmet provides precision-engineered components and advanced high-energy systems for growth markets. Our customers in these markets require advanced technology involving critical and strategic materials, such as tungsten, molybdenum and niobium (such materials, the “Critical Materials”) and high-level radio frequency (“RF”) engineering, including plasma generation, radar, and other high-energy systems (together, “High-Power Microwave”). Our products and solutions are integral to the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries.