Elmet Group (NASDAQ:ELMT) Coverage Initiated at Needham & Company LLC

Equities researchers at Needham & Company LLC assumed coverage on shares of Elmet Group (NASDAQ:ELMT) in a note issued to investors on Monday,Benzinga reports. The firm set a “buy” rating and a $21.00 price target on the stock. Needham & Company LLC’s target price indicates a potential upside of 35.92% from the company’s previous close.

Separately, Wall Street Zen upgraded shares of Elmet Group to a “hold” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $20.50.

Elmet Group Stock Performance

Shares of Elmet Group stock 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 Transactions at Elmet Group

In other news, Director Kimberly Monzeglio Anania purchased 7,000 shares of Elmet Group stock in a transaction on Wednesday, April 22nd. The shares were purchased at an average cost of $14.00 per share, for a total transaction of $98,000.00. Following the completion of the transaction, the director directly owned 7,000 shares in the company, valued at approximately $98,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathie Merrill Leonard purchased 5,000 shares of Elmet Group stock in a transaction on 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 transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $70,000. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

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.