Elmet Group Co. (NASDAQ:ELMT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Elmet Group Co. (NASDAQ:ELMT) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $20.50.

Several equities analysts have recently weighed in on ELMT shares. Weiss Ratings began coverage on shares of Elmet Group in a research note on Monday, July 20th. They issued a “sell (e)” rating on the stock. Zacks Research upgraded shares of Elmet Group to a “hold” rating in a research report on Tuesday, May 19th. Canaccord Genuity Group began coverage on shares of Elmet Group in a research note on Monday, May 18th. They set a “buy” rating and a $20.00 price target on the stock. Roth Capital initiated coverage on shares of Elmet Group in a research report on Monday, May 18th. They set a “buy” rating and a $21.00 price objective for the company. Finally, Wall Street Zen upgraded Elmet Group to a “hold” rating in a research note on Saturday, May 2nd.

Elmet Group Stock Performance

Elmet Group stock opened at $16.86 on Tuesday. Elmet Group has a one year low of $12.48 and a one year high of $22.51. The firm’s fifty day moving average price is $17.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.66 and a current ratio of 1.75. The stock has a market capitalization of $505.46 million and a PE ratio of 73.30.

Elmet Group (NASDAQ:ELMT) last announced its earnings results on Friday, May 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.41. The firm had revenue of $56.01 million during the quarter, compared to analysts’ expectations of $52.77 million. As a group, sell-side analysts predict that Elmet Group will post 0.47 EPS for the current fiscal year.

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.