Energy Recovery, Inc. (NASDAQ:ERII – Get Free Report) Director Joan Kai Chow purchased 1,500 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $17.79 per share, with a total value of $26,685.00. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at $26,685. The purchase was disclosed in a filing with the SEC, which is available through this link.
Energy Recovery Trading Up 0.6 %
NASDAQ:ERII opened at $19.45 on Thursday. The company has a 50-day moving average price of $19.89 and a 200-day moving average price of $24.45. Energy Recovery, Inc. has a 12 month low of $14.04 and a 12 month high of $30.76. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 72.04 and a beta of 1.30.
Energy Recovery (NASDAQ:ERII – Get Free Report) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.08 by $0.09. Energy Recovery had a net margin of 13.60% and a return on equity of 9.28%. The firm had revenue of $37.00 million during the quarter, compared to analysts’ expectations of $31.29 million. During the same period last year, the company posted $0.09 EPS. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. Equities analysts forecast that Energy Recovery, Inc. will post 0.4 EPS for the current fiscal year.
Institutional Investors Weigh In On Energy Recovery
Analysts Set New Price Targets
ERII has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Energy Recovery in a report on Thursday, October 5th. They set a “hold” rating for the company. Raymond James lowered their price target on shares of Energy Recovery from $30.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd.
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.
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