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

Elmet Group Co. (NASDAQ:ELMT) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $20.50.

A number of research analysts have commented on ELMT shares. Cantor Fitzgerald assumed coverage on Elmet Group in a research note on Monday, May 18th. They set an “overweight” rating and a $20.00 price objective on the stock. Roth Capital began coverage on Elmet Group in a report on Monday, May 18th. They set a “buy” rating and a $21.00 price objective on the stock. Zacks Research raised Elmet Group to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings started coverage on Elmet Group in a research note on Monday, July 20th. They set a “sell (e)” rating for the company. Finally, Needham & Company LLC began coverage on Elmet Group in a research note on Monday, May 18th. They set a “buy” rating and a $21.00 price objective on the stock.

Elmet Group Price Performance

Shares of NASDAQ:ELMT opened at $16.48 on Tuesday. The stock’s 50-day moving average price is $16.98. The firm has a market capitalization of $494.07 million and a price-to-earnings ratio of 71.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.75 and a quick ratio of 0.66. Elmet Group has a 12 month low of $12.48 and a 12 month high of $22.51.

Elmet Group (NASDAQ:ELMT) last posted its earnings results on Friday, May 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.41. The business had revenue of $56.01 million for the quarter, compared to analyst estimates of $52.77 million. As a group, research analysts anticipate that Elmet Group will post 0.47 earnings per share for the current 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.