Energy Recovery, Inc. (ERII) Files Form 4 Insider Buying : Eric Siebert Buys 21,389 Shares

Energy Recovery, Inc. (ERII): Eric Siebert , VP, Corporate Strategy of Energy Recovery, Inc. purchased 21,389 shares on May 24, 2016. The Insider buying transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were purchased at $9.51 per share for a total value of $203,426.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Andrew B Jr Stroud (VP, Human Resources) sold 2,700 shares at $11.11 per share price.On Apr 21, 2016, Arve Hanstveit (director) sold 50,000 shares at $12.59 per share price.Also, On Mar 15, 2016, Robert Yu Lang Mao (director) purchased 40,000 shares at $9.45 per share price.On Mar 11, 2016, Alexander J Buehler (director) sold 30,000 shares at $9.79 per share price.

Energy Recovery (ERII) witnessed a volatile trading activity on Friday May 20, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $11 and reached the intraday high at $11.14. The bulls started the profit booking and pushed the shares to intraday low of $10.82. The trading session was marked by a volume range of 2,95,042 shares exchanging hands. The 52-week high of the shares is $13.35 and the 52-week low is $2.07. The market cap of the company stands at $569,394 M and there are 52,33,40,00,000 shares in public circulation.

Energy Recovery Money Flow Index Chart

Energy Recovery Inc. (Energy Recovery) is engaged in providing pressure energy technology for industrial fluid flow applications. The Company designs develops and manufactures energy recovery devices that transform untapped energy into reusable energy from industrial fluid flows and pressure cycles. The Company’s energy recovery devices are primarily used in seawater reverse osmosis desalination. The Company also provides pumps to facilitate a packaged solution to its customers. Its products are marketed and sold in fluid flow markets such as desalination and oil and gas under the trademarks ERI PX Pressure Exchanger and PX Pressure Exchanger. The Company also provides engineering technical support and training to customers during product installation and plant commissioning. Additionally it offers preventive maintenance and support services as well as reinstallation services.

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