Energy Recovery, Inc. (NASDAQ:ERII – Get Free Report) CFO Joshua Ballard sold 700 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $24.03, for a total value of $16,821.00. Following the sale, the chief financial officer now owns 46,152 shares of the company’s stock, valued at approximately $1,109,032.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Energy Recovery Price Performance
NASDAQ:ERII opened at $23.67 on Friday. The company has a market capitalization of $1.34 billion, a P/E ratio of 131.51 and a beta of 1.24. The business has a fifty day simple moving average of $27.68 and a two-hundred day simple moving average of $25.53. Energy Recovery, Inc. has a 1 year low of $17.32 and a 1 year high of $30.76.
Energy Recovery (NASDAQ:ERII – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $20.72 million during the quarter, compared to analysts’ expectations of $24.52 million. Energy Recovery had a return on equity of 7.11% and a net margin of 9.87%. As a group, analysts anticipate that Energy Recovery, Inc. will post 0.32 earnings per share for the current year.
Institutional Trading of Energy Recovery
Analyst Upgrades and Downgrades
ERII has been the topic of a number of recent analyst reports. StockNews.com began coverage on Energy Recovery in a report on Thursday, August 17th. They set a “hold” rating on the stock. Raymond James boosted their price target on shares of Energy Recovery from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, B. Riley raised their price objective on shares of Energy Recovery from $28.00 to $32.00 in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Energy Recovery currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.
Energy Recovery Company Profile
Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, as well as repair, field, and commissioning services.
- Five stocks we like better than Energy Recovery
- Trading Halts Explained
- Investors Betting On Triple-Digit Sales Growth At Las Vegas Sands
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- 3 Reasons Why AMD Might Breakout Higher
- How to Invest in Artificial Intelligence
- Build a Solid Gold Retirement With AI Powerhouse Adobe
Receive News & Ratings for Energy Recovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Recovery and related companies with MarketBeat.com's FREE daily email newsletter.