Elmet Group (NASDAQ:ELMT) Upgraded at Zacks Research

by · The Cerbat Gem

Elmet Group (NASDAQ:ELMT – Get Free Report) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

ELMT has been the topic of several other research reports. Canaccord Genuity Group initiated coverage on shares of Elmet Group in a research report on Monday. They set a “buy” rating and a $20.00 price target on the stock. Cantor Fitzgerald initiated coverage on shares of Elmet Group in a research report on Monday. They set an “overweight” rating and a $20.00 price target on the stock. Wall Street Zen upgraded shares of Elmet Group to a “hold” rating in a research report on Saturday, May 2nd. Roth Mkm initiated coverage on shares of Elmet Group in a research report on Monday. They set a “buy” rating and a $21.00 price target on the stock. Finally, Needham & Company LLC initiated coverage on shares of Elmet Group in a research report on Monday. They set a “buy” rating and a $21.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.50.

View Our Latest Research Report on Elmet Group

Elmet Group Price Performance

ELMT stock opened at $14.03 on Tuesday. Elmet Group has a 12-month low of $13.38 and a 12-month high of $22.25.

Insider Transactions at Elmet Group

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

About Elmet Group

(Get Free Report)

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.

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