Energy Recovery Inc. (ERII) Drops 10.35% on January 11

Equities Staff  |

Energy Recovery Inc. (ERII) was one of the Russell 2000's biggest losers for Monday January 11 as the stock slid 10.35% to $6.13, a loss of $-0.708 per share. Starting at an opening price of $6.81 a share, the stock traded between $6.10 and $6.92 over the course of the trading day. Volume was 497,254 shares over 3,252 trades, against an average daily volume of 868,994 shares and a total float of 54.84 million.

The losses send Energy Recovery Inc. down to a market cap of $336.27 million. In the last year, Energy Recovery Inc. has traded between $9.50 and $2.07, and its 50-day SMA is currently $7.26 and 200-day SMA is $4.00.

Energy Recovery Inc is engaged in designing, developing, and manufacturing of energy recovery devices that transform untapped energy into reusable energy from industrial fluid flows and pressure cycles.

Energy Recovery Inc. is based out of San Leandro, CA and has some 124 employees. Its CEO is Joel Gay.

For a complete fundamental analysis analysis of Energy Recovery Inc., check out’s Stock Valuation Analysis report for ERII. To see the latest independent stock recommendations from’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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