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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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportENERGY RECOVERY (ERII): Free Stock Analysis ReportFUEL TECH INC (FTEK): Free Stock Analysis ReportLANDAUER INC (LDR): Free Stock Analysis ReportGRACO INC (GGG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research