Energy Recovery Inc. (ERII) was one of the Russell 2000's biggest losers for Tuesday January 12 as the stock slid 5.01% to $5.88, a loss of $-0.31 per share. Starting at an opening price of $6.25 a share, the stock traded between $5.62 and $6.41 over the course of the trading day. Volume was 554,623 shares over 3,211 trades, against an average daily volume of 876,304 shares and a total float of 54.84 million.
The losses send Energy Recovery Inc. down to a market cap of $322.45 million. In the last year, Energy Recovery Inc. has traded between $9.50 and $2.07, and its 50-day SMA is currently $7.23 and 200-day SMA is $4.01.
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 Equities.com’s Stock Valuation Analysis report for ERII. To see the latest independent stock recommendations from Equities.com’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.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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