Media coverage about Energy Recovery (NASDAQ:ERII) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Energy Recovery earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 48.0703226411412 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Energy Recovery (ERII) traded down $0.25 during midday trading on Monday, reaching $10.98. 461,300 shares of the company’s stock traded hands, compared to its average volume of 423,941. Energy Recovery has a twelve month low of $6.13 and a twelve month high of $12.73. The stock has a market capitalization of $588.47, a price-to-earnings ratio of 156.86, a price-to-earnings-growth ratio of 2.22 and a beta of 5.73.
Energy Recovery (NASDAQ:ERII) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.31). The business had revenue of $15.08 million for the quarter, compared to analysts’ expectations of $14.64 million. Energy Recovery had a net margin of 7.78% and a return on equity of 5.75%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) earnings per share. equities research analysts forecast that Energy Recovery will post 0.33 earnings per share for the current year.
In other news, Director Olav Fjell bought 18,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was bought at an average cost of $7.08 per share, for a total transaction of $127,440.00. Following the completion of the acquisition, the director now owns 18,000 shares in the company, valued at approximately $127,440. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.60% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Energy Recovery (ERII) Receives Daily Coverage Optimism Score of 0.09” was originally posted by Week Herald and is the sole property of of Week Herald. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://weekherald.com/2017/12/04/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-energy-recovery-erii-stock-price.html.
About Energy Recovery
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.
Receive News & Ratings for Energy Recovery Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Recovery Inc. and related companies with MarketBeat.com's FREE daily email newsletter.