Energy Recovery Inc CFO Joshua Ballard Sells 12,500 Shares
On January 3, 2024, Joshua Ballard, the CFO of Energy Recovery Inc (NASDAQ:ERII), sold 12,500 shares of the company's stock, according to a recent SEC Filing. Energy Recovery Inc specializes in the design and manufacture of energy recovery devices for water desalination and other industrial processes, aiming to reduce energy consumption and make these processes more sustainable.
Over the past year, the insider has sold a total of 34,429 shares and has not made any purchases of the company's stock.
The insider transaction history for Energy Recovery Inc indicates a trend with 6 insider buys and 22 insider sells over the past year.
On the day of the insider's recent sale, shares of Energy Recovery Inc were trading at $18.55, giving the company a market cap of $1.011 billion.
The price-earnings ratio of Energy Recovery Inc stands at 67.33, which is above both the industry median of 23.19 and the company's historical median price-earnings ratio.
With the current share price of $18.55 and a GuruFocus Value of $23.18, Energy Recovery Inc has a price-to-GF-Value ratio of 0.8, indicating that the stock is considered Modestly Undervalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
