Energy Recovery, Inc. (NASDAQ:ERII – Get Free Report) SVP Rodney Clemente sold 2,353 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $14.63, for a total value of $34,424.39. Following the transaction, the senior vice president now owns 140,328 shares in the company, valued at approximately $2,052,998.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Energy Recovery Stock Performance
Energy Recovery stock opened at $17.59 on Friday. The stock’s 50 day simple moving average is $13.66 and its two-hundred day simple moving average is $14.55. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 51.74 and a beta of 1.24. Energy Recovery, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $30.56.
Energy Recovery (NASDAQ:ERII – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.01. Energy Recovery had a return on equity of 9.82% and a net margin of 15.38%. The business had revenue of $12.09 million for the quarter, compared to analysts’ expectations of $12.49 million. On average, analysts predict that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.
Institutional Trading of Energy Recovery
Analysts Set New Price Targets
Several analysts have weighed in on ERII shares. Raymond James raised Energy Recovery from an “outperform” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, July 9th. StockNews.com raised Energy Recovery from a “sell” rating to a “hold” rating in a research report on Thursday.
Read Our Latest Analysis on Energy Recovery
About Energy Recovery
Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.
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