Stock analysts at Needham & Company LLC assumed coverage on shares of Elmet Group (NASDAQ:ELMT – Get Free Report) in a research note issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $21.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 35.92% from the stock’s previous close.
Separately, Wall Street Zen upgraded shares of Elmet Group to a “hold” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $20.50.
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Elmet Group Stock Performance
Insiders Place Their Bets
In other news, Director Kimberly Monzeglio Anania bought 7,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $98,000.00. Following the purchase, the director owned 7,000 shares of the company’s stock, valued at $98,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathie Merrill Leonard bought 5,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was purchased at an average price of $14.00 per share, for a total transaction of $70,000.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at $70,000. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing.
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.
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