Elmet Group (NASDAQ:ELMT) Now Covered by Cantor Fitzgerald

Analysts at Cantor Fitzgerald began coverage on shares of Elmet Group (NASDAQ:ELMT) in a report released on Monday. The firm set an “overweight” rating and a $20.00 price target on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 29.45% from the company’s current price.

Several other analysts also recently weighed in on ELMT. Needham & Company LLC started coverage on Elmet Group in a research report on Monday. They set a “buy” rating and a $21.00 target price for the company. Wall Street Zen raised shares of Elmet Group to a “hold” rating in a research note on Saturday, May 2nd. Roth Mkm started coverage on shares of Elmet Group in a report on Monday. They set a “buy” rating and a $21.00 price objective for the company. Finally, Canaccord Genuity Group started coverage on shares of Elmet Group in a research report on Monday. They issued a “buy” rating and a $20.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $20.50.

Elmet Group Stock Performance

Shares of NASDAQ:ELMT opened at $15.45 on Monday. Elmet Group has a 12 month low of $14.69 and a 12 month high of $22.25.

Insider Buying and Selling at Elmet Group

In other Elmet Group news, Director Kimberly Monzeglio Anania bought 7,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were bought at an average cost of $14.00 per share, for a total transaction of $98,000.00. Following the acquisition, the director directly owned 7,000 shares in the company, valued at approximately $98,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathie Merrill Leonard bought 5,000 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $70,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $70,000. This trade represents 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.