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

Shares of Elmet Group Co. (NASDAQ:ELMT) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.50.

Several equities analysts have recently issued reports on ELMT shares. Wall Street Zen raised Elmet Group to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research raised Elmet Group to a “hold” rating in a research note on Tuesday, May 19th. Roth Mkm started coverage on Elmet Group in a research note on Monday, May 18th. They set a “buy” rating and a $21.00 price target on the stock. Needham & Company LLC started coverage on Elmet Group in a research note on Monday, May 18th. They set a “buy” rating and a $21.00 price target on the stock. Finally, Canaccord Genuity Group started coverage on Elmet Group in a research note on Monday, May 18th. They set a “buy” rating and a $20.00 price target on the stock.

Elmet Group Stock Performance

ELMT stock opened at $19.44 on Monday. Elmet Group has a fifty-two week low of $13.38 and a fifty-two week high of $22.51.

Elmet Group (NASDAQ:ELMT) last posted its quarterly earnings data on Friday, May 29th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.41. The company had revenue of $56.01 million during the quarter, compared to the consensus estimate of $52.77 million.

Insiders Place Their Bets

In related news, Director Kimberly Monzeglio Anania purchased 7,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were bought at an average price of $14.00 per share, with a total value of $98,000.00. Following the purchase, the director directly owned 7,000 shares in the company, valued at $98,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathie Merrill Leonard purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was bought at an average cost of $14.00 per share, for a total transaction of $70,000.00. Following the purchase, the director owned 5,000 shares in the company, 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 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.