Energy Recovery, Inc. (NASDAQ:ERII) reported earnings of $0.07 per share beating Walls Streets expectations.

ME Staff
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Energy Recovery, Inc. (NASDAQ:ERII) reported Q2 2018 earnings this Afternoon, coming in at $0.07 per share, beating Wall Street’s estimates of $0.01 per Share. Revenue for the quarter came in at $20.80 million beating analyst estimates of $16.39 million

Recent Insider Trading for Energy Recovery, Inc. (NASDAQ:ERII)

  • On 6/18/2018 Hans Peter Michelet, Director, sold 101,990 with an average share price of $8.12 per share and the total transaction amounting to $828,158.80.
  • On 3/12/2018 Arve Hanstveit, Director, sold 50,000 with an average share price of $8.57 per share and the total transaction amounting to $428,500.00.
  • On 12/22/2017 Hans Peter Michelet, Director, sold 50,000 with an average share price of $8.91 per share and the total transaction amounting to $445,500.00.
  • On 12/13/2017 Lenox Sharon E Smith, Insider, sold 2,000 with an average share price of $11.00 per share and the total transaction amounting to $22,000.00.
  • On 11/30/2017 Andrew B Stroud Jr, VP, sold 7,117 with an average share price of $11.00 per share and the total transaction amounting to $78,287.00.
  • On 9/14/2017 Olav Fjell, Director, bought 18,000 with an average share price of $7.08 per share and the total transaction amounting to $127,440.00.



    About Company
    Energy Recovery, Inc. provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, MTeq, IsoBoost, and IsoGen names worldwide. The company operates through Water and Oil & Gas segments. It offers pressure exchanger energy recovery devices for water desalination plants; hydraulic turbochargers for low-pressure brackish, high-pressure seawater reverse osmosis systems, and other water treatment applications; and high-pressure and circulation pumps for low and high-pressure reverse osmosis systems. The company also provides VorTeq solutions for hydraulic fracturing applications; MTeq solutions for mud pumping applications; IsoBoost systems, such as hydraulic turbo chargers, and related controls and automation systems; and IsoGen systems, including hydraulic turbines, and related controls and automation systems. It serves engineering, procurement, and construction (EPC) firms that design and build large desalination plants; original equipment manufacturers; oil companies; exploration and production companies; oilfield service companies; and EPC firms, which design and build oil and gas processing plants. The company markets its products through its direct sales channels and independent sales agents. Energy Recovery, Inc. was founded in 1992 and is headquartered in San Leandro, California.

    Recent Analyst Rating for Energy Recovery, Inc. (NASDAQ:ERII)



      Recent Trading for Energy Recovery, Inc. (NASDAQ:ERII)
      Shares of Energy Recovery, Inc. closed the previous trading session at 7.68 −0.38 4.71% with 8.05 shares trading hands.