In Wednesday’s Wall Street session, Energy Recovery Inc (NASDAQ:ERII) shares traded at $12.18, down -0.25% from the previous session.
ERII stock price is now -10.18% away from the 50-day moving average and -21.50% away from the 200-day moving average. The market capitalization of the company currently stands at $663.81M.
With the price target maintained at $12.50, B. Riley Securities recently Downgraded its rating from Buy to Neutral for Energy Recovery Inc (NASDAQ: ERII). On December 05, 2024, Seaport Research Partners recently initiated its ‘Buy’ rating on the stock quoting a target price of $22, while ‘Raymond James’ rates the stock as ‘Strong Buy’
In other news, Hanstveit Arve, Director sold 30,000 shares of the company’s stock on Jun 12 ’25. The stock was sold for $380,400 at an average price of $12.68. Upon completion of the transaction, the Director now directly owns 655,220 shares in the company, valued at $7.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’25, Director Hanstveit Arve sold 20,000 shares of the business’s stock. A total of $255,000 was realized by selling the stock at an average price of $12.75. This leaves the insider owning 685,220 shares of the company worth $8.35 million. A total of 3.68% of the company’s stock is owned by insiders.
During the past 12 months, Energy Recovery Inc has had a low of $10.86 and a high of $20.27. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 8.39, and a quick ratio of 6.63.
The net profit margin was 15.21% and return on equity was 10.35% for ERII. The company reported revenue of $8.06 million for the quarter, compared to $12.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.29 percent.
