Shares of Energy Recovery Inc. (NASDAQ:ERII) rose 2% during mid-day trading on Friday . The company traded as high as $13.01 and last traded at $12.78, with a volume of 204,558 shares traded. The stock had previously closed at $12.53.

ERII has been the subject of a number of research 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 issued an “outperform” rating and a $14.00 price target for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Energy Recovery presently has a consensus rating of “Buy” and a consensus price target of $11.40.

The firm’s market cap is $665.25 million. The firm’s 50-day moving average is $10.70 and its 200 day moving average is $9.81.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $13.20 million for the quarter, compared to analyst estimates of $10.34 million. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. On average, equities research analysts expect that Energy Recovery Inc. will post $0.74 EPS for the current year.

In other Energy Recovery news, Director Alexander J. Buehler sold 5,000 shares of Energy Recovery stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $13.00, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 85,000 shares in the company, valued at $1,105,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alexander J. Buehler sold 24,500 shares of Energy Recovery stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $13.05, for a total value of $319,725.00. Following the transaction, the director now owns 60,500 shares in the company, valued at $789,525. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Energy Recovery stock. KBC Group NV raised its stake in 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 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 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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