Shares of Energy Recovery Inc. (NASDAQ:ERII) traded down 2.8% during trading on Wednesday . The company traded as low as $9.97 and last traded at $10.04, with a volume of 130,654 shares traded. The stock had previously closed at $10.33.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of Energy Recovery from a “strong sell” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, July 13th. FBR & Co assumed coverage on shares of Energy Recovery in a report on Thursday, July 14th. They set an “outperform” rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.64.

The stock’s 50-day moving average is $9.49 and its 200 day moving average is $9.04. The stock’s market capitalization is $528.05 million.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by $0.05. On average, equities research analysts expect that Energy Recovery Inc. will post $0.65 earnings per share for the current fiscal year.

In other news, Director Hans Peter Michelet sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $9.14, for a total value of $1,371,000.00. Following the sale, the director now owns 225,000 shares of the company’s stock, valued at $2,056,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Andrew B. Stroud, Jr. sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $11.11, for a total transaction of $29,997.00. Following the completion of the sale, the vice president now directly owns 14,241 shares in the company, valued at approximately $158,217.51. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Energy Recovery stock. KBC Group NV raised its stake in shares of Energy Recovery Inc. (NASDAQ:ERII) by 83.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,665 shares of the company’s stock after buying an additional 120,795 shares during the period. KBC Group NV owned about 0.48% of Energy Recovery worth $1,878,000 as of its most recent SEC filing.

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.

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