Energy Recovery, Inc. (ERII) Files Form 4 Insider Selling : Hans Peter Michelet Sells 150,000 Shares

Energy Recovery, Inc. (ERII): Hans Peter Michelet , director of Energy Recovery, Inc. sold 150,000 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $9.14 per share for a total value of $1,370,265.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, Chris M Gannon (CFO) purchased 6,350 shares at $10.96 per share price.On May 25, 2016, Eric Siebert (VP, Corporate Strategy) purchased 21,389 shares at $9.51 per share price.Also, 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.

Energy Recovery: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Energy Recovery which led to swings in the share price. The shares opened for trading at $9.36 and hit $9.56 on the upside , eventually ending the session at $9.4, with a gain of 0.97% or 0.09 points. The heightened volatility saw the trading volume jump to 13,94,840 shares. The 52-week high of the share price is $13.35 and the company has a market cap of $492 M . The 52-week low of the share price is at $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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