Energy Recovery, Inc. s trend and data analysis indicates that the stock price has dropped -21.84% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -47.81% . Looking at the past 52 week period, the stock price is down -13.93% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Energy Recovery, Inc. has a negative value of -15.79 compared to overall market performance.Energy Recovery, Inc. is having a Relative Strength Index of 43.34 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Energy Recovery, Inc. (NASDAQ:ERII) rallied by 2.84% during the past week but lost 9.84% on a 4-week basis. The company has outperformed the S&P 500 by 2.59% in the past week but underperformed the index by 10.87% in the last 4 weeks.
For this week, the average consensus of the stock is rated as a Strong Buy. Energy Recovery, Inc. (NASDAQ:ERII) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.1 points or 1.18% at $8.34 with 1,507,357 shares getting traded. Post opening the session at $8.43, the shares hit an intraday low of $8.12 and an intraday high of $8.48 and the price was in this range throughout the day. The company has a market cap of $449 million and the number of outstanding shares has been calculated to be 53,880,311 shares. The 52-week high of Energy Recovery, Inc. (NASDAQ:ERII) is $16.67 and the 52-week low is $7.22.
Company has reported several Insider transactions to the SEC, on Mar 14, 2017, Robert Yu Lang Mao (director) purchased 20,000 shares at 7.53 per share price.On Mar 14, 2017, William Yeung (General Counsel) purchased 3,298 shares at 7.58 per share price.On Dec 8, 2016, Nocair Bensalah (VP Operations) sold 44,248 shares at 8.53 per share price.
Energy Recovery Last issued its quarterly earnings results on Mar 8, 2017. The company reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.04. The company had revenue of $17.90 million for the quarter, compared to analysts expectations of $13.15 million. The companys revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.
Based in San Leandro, California, ENERGY RECOVERY, INC. is a leading global developer and manufacturer of highly efficient energy recovery devices utilized in the water desalination industry. Energy Recovery, Inc. operates primarily in the sea water reverse osmosis segment of the desalination industry.ERI manufactures ultra-high efficiency recovery products and technology, specifically the ERI PX Pressure Exchanger, that are among the enabling technologies driving the rapid growth in seawater reverse osmosis desalination, and are helping to make desalination affordable worldwide.