Analysts Set Elmet Group Co. (NASDAQ:ELMT) Price Target at $20.50

Elmet Group Co. (NASDAQ:ELMT) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.50.

ELMT has been the topic of several recent analyst reports. Needham & Company LLC started coverage on shares of Elmet Group in a research report on Monday, May 18th. They set a “buy” rating and a $21.00 price objective on the stock. Cantor Fitzgerald began coverage on shares of Elmet Group in a research note on Monday, May 18th. They issued an “overweight” rating and a $20.00 target price on the stock. Zacks Research upgraded shares of Elmet Group to a “hold” rating in a report on Tuesday, May 19th. Roth Mkm began coverage on shares of Elmet Group in a research report on Monday, May 18th. They set a “buy” rating and a $21.00 price target for the company. Finally, Canaccord Genuity Group started coverage on shares of Elmet Group in a report on Monday, May 18th. They issued a “buy” rating and a $20.00 price objective for the company.

Insider Buying and Selling

In related news, Director Kimberly Monzeglio Anania bought 7,000 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average price of $14.00 per share, with a total value of $98,000.00. Following the transaction, the director owned 7,000 shares in the company, valued at approximately $98,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through 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 purchased at an average cost of $14.00 per share, with a total value of $70,000.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $70,000. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Elmet Group Price Performance

ELMT opened at $15.56 on Thursday. Elmet Group has a 12-month low of $13.38 and a 12-month high of $22.25.

Elmet Group Company Profile

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.