Shares of Elmet Group Co. (NASDAQ:ELMT – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.50.
A number of analysts have commented on ELMT shares. Needham & Company LLC began coverage on shares of Elmet Group in a research note on Monday, May 18th. They issued a “buy” rating and a $21.00 price target for the company. Zacks Research raised shares of Elmet Group to a “hold” rating in a report on Tuesday, May 19th. Cantor Fitzgerald assumed 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 for the company. Wall Street Zen raised Elmet Group to a “hold” rating in a research report on Saturday, May 2nd. Finally, Canaccord Genuity Group started coverage on Elmet Group in a research note on Monday, May 18th. They issued a “buy” rating and a $20.00 price objective on the stock.
Get Our Latest Stock Report on ELMT
Elmet Group Stock Performance
Elmet Group (NASDAQ:ELMT – Get Free Report) last released its quarterly earnings results on Friday, May 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.41. The firm had revenue of $56.01 million during the quarter, compared to analyst estimates of $52.77 million.
Insiders Place Their Bets
In other news, Director Kathie Merrill Leonard acquired 5,000 shares of Elmet Group stock in a transaction dated Wednesday, April 22nd. The stock was bought at an average price of $14.00 per share, for a total transaction of $70,000.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $70,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimberly Monzeglio Anania purchased 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were purchased at an average cost of $14.00 per share, with a total value of $98,000.00. Following the completion of the acquisition, the director owned 7,000 shares in the company, valued at $98,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information.
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.
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