Elmet Group (NASDAQ:ELMT) Sets New 52-Week High – Here’s What Happened

Posted by Geri Gentry on Oct 29th, 2026

Elmet Group Co. (NASDAQ:ELMT – Get Free Report) shares hit a new 52-week high during trading on Thursday. The company traded as high as $25.46 and last traded at $24.9250, with a volume of 167,227 shares changing hands. The stock had previously closed at $23.62.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ELMT. Weiss Ratings raised shares of Elmet Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. Roth Capital reissued a “buy” rating and issued a $26.00 target price (up from $21.00) on shares of Elmet Group in a report on Tuesday, September 15th. Cantor Fitzgerald raised their target price on shares of Elmet Group from $20.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Needham & Company LLC raised their price target on shares of Elmet Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Finally, Canaccord Genuity Group upped their price objective on shares of Elmet Group from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.50.

Check Out Our Latest Stock Report on Elmet Group

Elmet Group Stock Performance

The firm has a market cap of $756.45 million and a price-to-earnings ratio of 60.49. The business has a 50 day moving average price of $19.48. The company has a quick ratio of 1.60, a current ratio of 3.03 and a debt-to-equity ratio of 0.04.

Elmet Group (NASDAQ:ELMT – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.38. The business had revenue of $66.40 million for the quarter. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities analysts anticipate that Elmet Group Co. will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp acquired a new stake in shares of Elmet Group during the second quarter worth $2,640,000. Bangor Savings Bank acquired a new position in shares of Elmet Group in the 3rd quarter valued at $48,741,000. Wellington Management Group LLP purchased a new position in Elmet Group in the second quarter valued at $10,537,000. Squarepoint Ops LLC purchased a new stake in shares of Elmet Group during the 2nd quarter worth about $2,560,000. Finally, AWM Investment Company Inc. purchased a new position in Elmet Group during the second quarter valued at $6,807,000.

About Elmet Group

(Get Free Report)

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.