Energy Recovery, Inc. (ERII) saw a big move last session, as the company’s shares fell more than 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $5.11 to $6.15 in the past one-month time frame.
The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. One estimate was revised lower while there was no upward revision. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
ERII currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.
Some better-ranked stocks in the industrial goods sector include Fuel-Tech, Inc. (FTEK), Landauer Inc. (LDR) and Graco Inc. (GGG). All these stocks carry a Zacks Rank #2 (Buy).
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ENERGY RECOVERY INC (ERII): Free Stock Analysis Report
FUEL TECH INC (FTEK): Free Stock Analysis Report
LANDAUER INC (LDR): Free Stock Analysis Report
GRACO INC (GGG): Free Stock Analysis Report
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