Shares of Energy Recovery, Inc. (NASDAQ:ERII) have been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $16.50.
Several equities research analysts have weighed in on ERII shares. Jefferies Group restated a “buy” rating and set a $14.00 price target on shares of Energy Recovery in a report on Wednesday, December 20th. B. Riley upped their price target on Energy Recovery from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. BidaskClub downgraded Energy Recovery from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Zacks Investment Research downgraded Energy Recovery from a “strong-buy” rating to a “sell” rating in a report on Monday, January 8th. Finally, ValuEngine upgraded Energy Recovery from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd.
In related news, VP Andrew B. Stroud, Jr. sold 7,117 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $11.00, for a total value of $78,287.00. Following the completion of the sale, the vice president now directly owns 32,398 shares of the company’s stock, valued at approximately $356,378. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Hans Peter Michelet sold 50,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $8.91, for a total value of $445,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,117 shares of company stock worth $545,787. 23.60% of the stock is owned by company insiders.
Energy Recovery (NASDAQ ERII) traded down $0.09 on Tuesday, reaching $7.80. The company had a trading volume of 281,500 shares, compared to its average volume of 343,695. Energy Recovery has a 1 year low of $6.13 and a 1 year high of $11.30. The firm has a market cap of $418.04, a price-to-earnings ratio of 125.83 and a beta of 5.47.
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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