Elmet Group (NASDAQ:ELMT) Upgraded at Zacks Research

Elmet Group (NASDAQ:ELMT) was upgraded by Zacks Research to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Roth Mkm began 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. Cantor Fitzgerald began coverage on shares of Elmet Group in a report on Monday. They set an “overweight” rating and a $20.00 price objective for the company. Canaccord Genuity Group began coverage on shares of Elmet Group in a report on Monday. They set a “buy” rating and a $20.00 price objective for the company. Wall Street Zen raised shares of Elmet Group to a “hold” rating in a report on Saturday, May 2nd. Finally, Needham & Company LLC began 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. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Elmet Group currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Elmet Group Price Performance

NASDAQ ELMT opened at $14.03 on Tuesday. Elmet Group has a 52-week low of $13.38 and a 52-week high of $22.25.

Insider Transactions at Elmet Group

In other news, Director Kimberly Monzeglio Anania acquired 7,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were purchased at an average price of $14.00 per share, for a total transaction of $98,000.00. Following the completion of the transaction, the director owned 7,000 shares of the company’s stock, valued at $98,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathie Merrill Leonard acquired 5,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $70,000. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

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.