Energy Recovery Inc. (ERII) Jumps 7.18% on February 16

Equities Staff |

Energy Recovery Inc. (ERII) was among the biggest gainers on the Russell 2000 for Tuesday February 16 as the stock popped 7.18% to $5.97, representing a gain of $0.4 per share. Some 208,604 shares traded hands on 1,614 trades, compared with an average daily volume of 944,602 shares out of a total float of 54.84 million. The stock opened at $5.66 and traded with an intraday range of $5.98 to $5.60.

After today's gains, Energy Recovery Inc. reached a market cap of $327.38 million. Energy Recovery Inc. has had a trading range between $9.50 and $2.07 over the last year, and it had a 50-day SMA of $6.53 and a 200-day SMA of $4.33.

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.

For more news on the financial markets, go to Equities.com. 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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