Energy Recovery, Inc. (ERII) Files Form 4 Insider Buying : Chris M Gannon Buys 6,350 Shares

Energy Recovery, Inc. (ERII): Chris M Gannon , CFO of Energy Recovery, Inc. purchased 6,350 shares on Jun 6, 2016. The Insider buying transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.96 per share for a total value of $69,596.00 , 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 25, 2016, Eric Siebert (VP, Corporate Strategy) purchased 21,389 shares at $9.51 per share price.On May 18, 2016, Andrew B Jr Stroud (VP, Human Resources) sold 2,700 shares at $11.11 per share price.Also, On Apr 21, 2016, Arve Hanstveit (director) sold 50,000 shares at $12.59 per share price.On Mar 15, 2016, Robert Yu Lang Mao (director) purchased 40,000 shares at $9.45 per share price.

Shares of Energy Recovery (ERII) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -0.37% at $10.85 with 4,45,026 shares getting traded. Post opening the session at $10.9, the shares hit an intraday low of $10.73 and an intraday high of $11.015 and the price vacillated in this range throughout the day. The company has a market cap of $568 M and the number of outstanding shares has been calculated to be 5,23,34,038 shares. The 52-week high of Energy Recovery is $13.35 and the 52-week low is $2.07.

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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