Elmet Group Co. (NASDAQ:ELMT) Receives $20.50 Consensus Target Price from Brokerages

Shares of Elmet Group Co. (NASDAQ:ELMT) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.50.

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of Elmet Group in a report on Monday, May 18th. They issued an “overweight” rating and a $20.00 target price on the stock. Zacks Research raised shares of Elmet Group to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Elmet Group to a “hold” rating in a research note on Saturday, May 2nd. Roth Capital assumed coverage on shares of Elmet Group in a research report on Monday, May 18th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Needham & Company LLC began coverage on Elmet Group in a report on Monday, May 18th. They issued a “buy” rating and a $21.00 target price for the company.

Insiders Place Their Bets

In other Elmet Group news, Director Kathie Merrill Leonard bought 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 5,000 shares in the company, valued at $70,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimberly Monzeglio Anania bought 7,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was bought at an average price of $14.00 per share, for a total transaction of $98,000.00. Following the completion of the purchase, the director owned 7,000 shares of the company’s stock, valued at approximately $98,000. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Elmet Group Trading Down 0.4%

Shares of ELMT opened at $14.61 on Friday. The stock has a fifty day moving average price of $17.21. Elmet Group has a 12-month low of $13.38 and a 12-month high of $22.51. The company has a market cap of $438.01 million and a PE ratio of 63.52.

Elmet Group (NASDAQ:ELMT) last announced its quarterly earnings results on Friday, May 29th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.41. The business had revenue of $56.01 million for the quarter, compared to the consensus estimate of $52.77 million.

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.