Energy Recovery Inc. (NASDAQ:ERII) shares traded up 3.3% on Friday . The stock traded as high as $10.53 and last traded at $10.53, with a volume of 392,166 shares traded. The stock had previously closed at $10.19.

Several research analysts recently weighed in on the company. FBR & Co assumed coverage on Energy Recovery in a research report on Thursday, July 14th. They issued an “outperform” rating and a $14.00 price objective for the company. Zacks Investment Research upgraded Energy Recovery from a “strong sell” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.64.

The company’s market cap is $554.74 million. The stock’s 50 day moving average is $9.44 and its 200 day moving average is $9.08.

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

In related news, CFO Chris M. Gannon acquired 6,350 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was purchased at an average cost of $10.96 per share, for a total transaction of $69,596.00. Following the transaction, the chief financial officer now directly owns 32,435 shares of the company’s stock, valued at approximately $355,487.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Andrew B. Stroud, Jr. sold 2,700 shares of Energy Recovery stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $11.11, for a total value of $29,997.00. Following the transaction, the vice president now owns 14,241 shares of the company’s stock, valued at $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 Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the SEC.

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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