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).
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ENERGY RECOVERY (ERII): Free Stock Analysis Report
PERMA-FIX ENVIR (PESI): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
