Elmet Group Co. (NASDAQ:ELMT) Given Average Rating of “Moderate Buy” by Brokerages

Elmet Group Co. (NASDAQ:ELMT) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $20.50.

ELMT has been the topic of a number of analyst reports. Weiss Ratings began coverage on Elmet Group in a report on Monday, July 20th. They issued a “sell (e)” rating on the stock. Zacks Research raised Elmet Group to a “hold” rating in a report on Tuesday, May 19th. Canaccord Genuity Group started coverage on Elmet Group in a research note on Monday, May 18th. They issued a “buy” rating and a $20.00 price target on the stock. Needham & Company LLC started coverage on Elmet Group in a research report on Monday, May 18th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Cantor Fitzgerald initiated coverage on Elmet Group in a report on Monday, May 18th. They issued an “overweight” rating and a $20.00 target price for the company.

Elmet Group Stock Performance

Shares of Elmet Group stock opened at $14.36 on Tuesday. Elmet Group has a one year low of $12.48 and a one year high of $22.51. The stock has a market cap of $430.51 million and a P/E ratio of 62.43. The stock’s fifty day moving average price is $16.99.

Elmet Group (NASDAQ:ELMT) last issued its earnings results on Friday, May 29th. The company reported $0.23 earnings per share for the quarter, beating 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.

Elmet Group Company Profile

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.