Elmet Group (NASDAQ:ELMT) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Elmet Group (NASDAQ:ELMT) to a hold rating in a research report released on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. 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. 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. Wall Street Zen upgraded shares of Elmet Group to a “hold” rating in a report on Saturday, May 2nd. Cantor Fitzgerald initiated coverage on shares of Elmet Group in a research note on Monday. They issued an “overweight” rating and a $20.00 target price for the company. Finally, Needham & Company LLC initiated coverage on shares of Elmet Group in a research note on Monday. They issued a “buy” rating and a $21.00 target price for the company. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Elmet Group presently 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 Activity

In other Elmet Group news, Director Kathie Merrill Leonard bought 5,000 shares of Elmet Group stock in a transaction dated 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 completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $70,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kimberly Monzeglio Anania bought 7,000 shares of Elmet Group stock in a transaction dated Wednesday, April 22nd. The stock was acquired 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 of the company’s stock, valued at approximately $98,000. This represents a ∞ increase in their ownership of the stock. 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.