A Director at Energy Recovery is Exercising Options

By Carrie Williams

Yesterday, a Director at Energy Recovery, Hans Peter Michelet, exercised options of Energy Recovery (NASDAQ: ERII) for $293.6K.

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Based on Energy Recovery’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $13.81 million and GAAP net loss of $726K. In comparison, last year the company earned revenue of $13.51 million and had a GAAP net loss of $433K. ERII’s market cap is $439.8M and the company has a P/E ratio of 37. Currently, Energy Recovery has an average volume of 226.4K.

The insider sentiment on Energy Recovery has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Energy Recovery, Inc. engages in the provision of energy solutions to industrial fluid flow markets worldwide. It operates through Water; and Oil & Gas business segments. The Water segment represents the solutions sold for use in reverse osmosis desalination.