Energy Recovery Inc. (NASDAQ:ERII) shares traded up 4.4% during trading on Wednesday . The company traded as high as $15.49 and last traded at $15.29, with a volume of 779,964 shares traded. The stock had previously closed at $14.65.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Energy Recovery from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, September 14th. Jefferies Group upgraded Energy Recovery from a “hold” rating to a “buy” rating and raised their price target for the stock from $8.00 to $20.00 in a research report on Tuesday, September 13th. Finally, FBR & Co restated a “buy” rating on shares of Energy Recovery in a research report on Thursday, September 8th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $15.00.

The firm’s 50 day moving average is $12.73 and its 200-day moving average is $10.91. The firm’s market cap is $830.78 million.

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Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. Energy Recovery had a positive return on equity of 3.97% and a negative net margin of 3.05%. The firm had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $10.34 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. On average, equities research analysts predict that Energy Recovery Inc. will post $0.67 EPS for the current fiscal year.

In related news, Director Alexander J. Buehler sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $13.00, for a total transaction of $65,000.00. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $1,105,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alexander J. Buehler sold 24,500 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $13.05, for a total value of $319,725.00. Following the sale, the director now owns 60,500 shares in the company, valued at $789,525. The disclosure for this sale can be found here. Corporate insiders own 26.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. bought a new stake in Energy Recovery during the second quarter worth about $477,000. Hillsdale Investment Management Inc. bought a new stake in Energy Recovery during the second quarter worth about $251,000. Metropolitan Life Insurance Co. NY bought a new stake in Energy Recovery during the second quarter worth about $237,000. Point72 Asset Management L.P. bought a new stake in Energy Recovery during the second quarter worth about $1,933,000. Finally, AHL Partners LLP bought a new stake in Energy Recovery during the second quarter worth about $143,000. Institutional investors own 26.13% of the company’s stock.

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. It operates through two segments: Water, and Oil & Gas. Its Water Segment focuses on products sold for use in reverse osmosis water desalination.

5 Day Chart for NASDAQ:ERII

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