The price of Energy Recovery Inc (NASDAQ:ERII) shares last traded on Wall Street fell -0.85% to $15.20.
ERII stock price is now -14.20% away from the 50-day moving average and -1.96% away from the 200-day moving average. The market capitalization of the company currently stands at $879.98M.
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With the price target maintained at $21, Raymond James recently Upgraded its rating from Outperform to Strong Buy for Energy Recovery Inc (NASDAQ: ERII). On November 17, 2022, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $28, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Clemente Rodney, SVP, Water sold 19,618 shares of the company’s stock on Nov 07 ’24. The stock was sold for $392,360 at an average price of $20.00. Upon completion of the transaction, the SVP, Water now directly owns 114,205 shares in the company, valued at $1.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, SVP, Water Clemente Rodney sold 4,207 shares of the business’s stock. A total of $84,392 was realized by selling the stock at an average price of $20.06. This leaves the insider owning 106,367 shares of the company worth $1.62 million. A total of 3.23% of the company’s stock is owned by insiders.
During the past 12 months, Energy Recovery Inc has had a low of $12.26 and a high of $20.27. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 10.06, and a quick ratio of 8.29. According to the stock market information, the enterprise value for the company is $773187264, which is based on a 45.63 price-to-earnings ratio, a 2.28 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for ERII is $17.7486 and a two-hundred day moving average price translates $15.504 for the stock.
The latest earnings results from Energy Recovery Inc (NASDAQ: ERII) was released for 2024-09-30. The net profit margin was 14.35% and return on equity was 9.06% for ERII. The company reported revenue of $38.58 million for the quarter, compared to $37.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.18 percent.
