Elmet shares steady ahead of earnings as new filing hits market
Elmet Group Co. shares held flat before the U.S. market opened Tuesday, after the critical-materials and microwave systems company said it changed its fiscal year. The adjustment comes right before its first quarterly report as a public company. The stock was at $14.70 in premarket trading, up 4 cents from the last close. Timing is a factor. U.S. markets come back online after being closed Monday for Memorial Day, with the Nasdaq set to open its regular session at 9:30 a.m. Eastern. Before the bell, trading tends to be thinner, which can make price swings look bigger with fewer participants involved.