Company Shares of Energy Recovery (NASDAQ:ERII) Rally 2.47%

Energy Recovery (NASDAQ:ERII) has been under a strong bear grip, hence the stock is down -16.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.18% in the past 1 week. The stock has risen by 2.47% in the past week indicating that the buyers are active at lower levels, but the stock is down -15.34% in the past 4 weeks.

The company shares have rallied 225.36% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $13.35 and the one year low was seen on Sep 30, 2015. The 50-Day Moving Average price is $9.64 and the 200 Day Moving Average price is recorded at $8.91.

The stock has recorded a 20-day Moving Average of 1.52% and the 50-Day Moving Average is 11.19%.


Energy Recovery (NASDAQ:ERII): stock turned positive on Friday. Though the stock opened at $8.66, the bulls momentum made the stock top out at $9.2 level for the day. The stock recorded a low of $8.62 and closed the trading day at $9.11, in the green by 6.05%. The total traded volume for the day was 603,610. The stock had closed at $8.59 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Michelet Hans Peter, director of Energy Recovery, Inc., had unloaded 150,000 shares at an average price of $9.14 in a transaction dated on June 14, 2016. The total value of the transaction was worth $1,371,000.

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 Companys 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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