Zacks Research Upgrades Elmet Group (NASDAQ:ELMT) to “Hold”

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

ELMT has been the subject of a number of other reports. Roth Mkm began coverage on Elmet Group in a report on Monday. They issued a “buy” rating and a $21.00 price target for the company. Wall Street Zen raised Elmet Group to a “hold” rating in a report on Saturday, May 2nd. Canaccord Genuity Group began coverage on Elmet Group in a report on Monday. They issued a “buy” rating and a $20.00 price target for the company. Cantor Fitzgerald assumed coverage on Elmet Group in a report on Monday. They issued an “overweight” rating and a $20.00 price target for the company. Finally, Needham & Company LLC assumed coverage on Elmet Group in a research note on Monday. They issued a “buy” rating and a $21.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Elmet Group Stock Up 3.7%

Shares of 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 Buying and Selling

In related news, Director Kimberly Monzeglio Anania purchased 7,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was acquired at an average price of $14.00 per share, for a total transaction of $98,000.00. Following the completion of the purchase, the director directly owned 7,000 shares of the company’s stock, valued at $98,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathie Merrill Leonard purchased 5,000 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 $70,000.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $70,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

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.