Energy Recovery, Inc. (NASDAQ:ERII) VP Andrew B. Stroud, Jr. sold 7,117 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $11.00, for a total transaction of $78,287.00. Following the completion of the sale, the vice president now owns 32,398 shares of the company’s stock, valued at approximately $356,378. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Energy Recovery, Inc. (NASDAQ:ERII) traded up $0.01 on Monday, reaching $10.99. 333,659 shares of the company’s stock were exchanged, compared to its average volume of 423,553. The company has a market capitalization of $588.47, a PE ratio of 156.86, a price-to-earnings-growth ratio of 2.22 and a beta of 5.73. Energy Recovery, Inc. has a 1 year low of $6.13 and a 1 year high of $12.73.
Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). The business had revenue of $15.08 million for the quarter, compared to the consensus estimate of $14.64 million. Energy Recovery had a return on equity of 5.75% and a net margin of 7.78%. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) EPS. research analysts predict that Energy Recovery, Inc. will post 0.33 earnings per share for the current year.
Several equities research analysts recently weighed in on ERII shares. B. Riley increased their target price on shares of Energy Recovery from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. JMP Securities started coverage on shares of Energy Recovery in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $12.00 target price for the company. ValuEngine upgraded shares of Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. FBR & Co reiterated a “buy” rating on shares of Energy Recovery in a research note on Wednesday, October 11th. Finally, Seaport Global Securities started coverage on shares of Energy Recovery in a research note on Tuesday, October 17th. They issued a “buy” rating and a $17.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.00.
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Energy Recovery Company Profile
Energy Recovery, Inc is an energy solutions provider to industrial fluid flow markets. The Company’s solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. Its segments include Water, Oil & Gas, and Corporate. The Water Segment focuses on products sold for use in reverse osmosis water desalination.
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