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

ERII has been the topic of several analyst reports. Zacks Investment Research lowered shares of Energy Recovery from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. FBR & Co initiated coverage on shares of Energy Recovery in a research report on Thursday, July 14th. They set an “outperform” rating and a $14.00 price target on the stock. Two 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. Energy Recovery currently has a consensus rating of “Hold” and a consensus target price 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 released its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by $0.05. Equities research analysts forecast that Energy Recovery Inc. will post $0.65 EPS for the current year.

In other Energy Recovery news, VP Eric Siebert purchased 21,389 shares of Energy Recovery stock in a transaction that occurred on Tuesday, May 24th. The stock was purchased at an average price of $9.51 per share, for a total transaction of $203,409.39. Following the transaction, the vice president now directly owns 49,953 shares in the company, valued at $475,053.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hans Peter Michelet sold 150,000 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $9.14, for a total transaction of $1,371,000.00. Following the completion of the sale, the director now owns 225,000 shares of the company’s stock, valued at approximately $2,056,500. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Energy Recovery stock. KBC Group NV boosted its position in Energy Recovery Inc. (NASDAQ:ERII) by 83.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 approximately 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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