Energy Recovery (NASDAQ:ERII) Sees Unusually-High Trading Volume - Still a Buy?

Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 2,120,258 shares traded hands during trading, an increase of 391% from the previous session's volume of 431,796 shares.The stock last traded at $13.9250 and had previously closed at $14.49.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ERII. B. Riley reaffirmed a "neutral" rating on shares of Energy Recovery in a research note on Thursday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Energy Recovery in a research report on Tuesday, October 14th. Finally, CJS Securities started coverage on Energy Recovery in a research report on Tuesday, September 16th. They issued a "market outperform" rating and a $19.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $18.75.

Get Our Latest Research Report on ERII

Energy Recovery Price Performance

The firm has a market cap of $743.71 million, a PE ratio of 33.29 and a beta of 1.10. The company's 50 day moving average price is $15.66 and its 200 day moving average price is $14.20.

Energy Recovery (NASDAQ:ERII - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Energy Recovery had a return on equity of 11.67% and a net margin of 17.02%.The firm had revenue of $32.00 million for the quarter, compared to the consensus estimate of $29.94 million. Energy Recovery has set its FY 2025 guidance at EPS. Sell-side analysts expect that Energy Recovery, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity at Energy Recovery

In related news, insider William Yeung sold 9,168 shares of Energy Recovery stock in a transaction on Friday, October 24th. The shares were sold at an average price of $18.00, for a total value of $165,024.00. Following the transaction, the insider directly owned 97,369 shares in the company, valued at $1,752,642. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 72,333 shares of company stock worth $1,122,195 in the last three months. 3.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Energy Recovery by 4.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,984 shares of the industrial products company's stock valued at $218,000 after buying an additional 613 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in Energy Recovery by 2.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 36,649 shares of the industrial products company's stock valued at $559,000 after purchasing an additional 914 shares during the period. S&CO Inc. grew its holdings in Energy Recovery by 9.1% in the third quarter. S&CO Inc. now owns 12,000 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 1,000 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Energy Recovery by 2.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 69,968 shares of the industrial products company's stock worth $894,000 after purchasing an additional 1,458 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Energy Recovery by 2,581.9% during the third quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company's stock worth $30,000 after purchasing an additional 1,859 shares during the period. 83.58% of the stock is owned by hedge funds and other institutional investors.

Energy Recovery Company Profile

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.

Featured Articles

• Five stocks we like better than Energy Recovery
• How to Evaluate a Stock Before Buying
• CrowdStrike Partners With CoreWeave But Investors Sell the News
• Should You Invest in Penny Stocks?
• Amprius Technologies Signals Electrifying Growth in 2026
• Investing in Construction Stocks
• Dave Stock: 180% Gain + Q3 Beat = Breakout Setup?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Energy Recovery Right Now?

Before you consider Energy Recovery, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Recovery wasn't on the list.

While Energy Recovery currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here