Energy Recovery, Inc. ( ERII ) saw a big move last Friday, as the company's shares fell by over 14% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ERII, as the stock is now down 19% since Mar 2.
On Mar 5, Energy Recovery reported loss in its fourth quarter 2014 results.
The pollution control company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and 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).
Another better-ranked stock in the same sector is Perma-Fix Environmental Services Inc. ( PESI ) with a Zacks Rank #1 (Strong Buy).