Energy Recovery (ERII) Shares are Up 15.64%

Energy Recovery (ERII) : Traders are bullish on Energy Recovery (ERII) as it has outperformed the S&P 500 by a wide margin of 16.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 15.02%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 15.64% in the last 1 week, and is up 14.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 14.49% and the 50-Day Moving Average is 25.23%.The 200 Day SMA reached 53.99% Energy Recovery, Inc. is up 67.09% in the last 3-month period. Year-to-Date the stock performance stands at 106.08%.


Energy Recovery (ERII) : 2 Wall Street analysts covering Energy Recovery (ERII) believe that the average level the stock could reach for the short term is $18. The maximum price target given is $20 and the minimum target for short term is around $16, hence the standard deviation is calculated at $2.83.

For the current week, the company shares have a recommendation consensus of Buy. Energy Recovery (NASDAQ:ERII): The stock opened at $14.31 and touched an intraday high of $14.73 on Friday. During the day, the stock corrected to an intraday low of $14.01, however, the bulls stepped in and pushed the price higher to close in the green at $14.57 with a gain of 1.25% for the day. The total traded volume for the day was 1,001,682. The stock had closed at $14.57 in the previous trading session.

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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