Elmet Group (NASDAQ:ELMT) Now Covered by Roth Mkm

Equities research analysts at Roth Mkm began coverage on shares of Elmet Group (NASDAQ:ELMT) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $21.00 price target on the stock. Roth Mkm’s price objective indicates a potential upside of 35.92% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity Group began coverage on shares of Elmet Group in a report on Monday. They issued a “buy” rating and a $20.00 price target for the company. Needham & Company LLC started coverage on shares of Elmet Group in a research report on Monday. They set a “buy” rating and a $21.00 price objective on the stock. Finally, Wall Street Zen upgraded Elmet Group to a “hold” rating in a research note on Saturday, May 2nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $20.50.

Elmet Group Stock Performance

NASDAQ:ELMT opened at $15.45 on Monday. Elmet Group has a twelve month low of $14.69 and a twelve month high of $22.25.

Insider Buying and Selling at Elmet Group

In related news, Director Kimberly Monzeglio Anania purchased 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were bought at an average cost of $14.00 per share, with a total value of $98,000.00. Following the acquisition, the director owned 7,000 shares of the company’s stock, valued at $98,000. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kathie Merrill Leonard purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were purchased at an average cost of $14.00 per share, for a total transaction of $70,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $70,000. The trade was 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.