Energy Recovery Inc (NASDAQ: ERII) stock closed at $17.59 on 8/1/24 after a major increase of 20.6%. Moreover, exceptionally high trading volume at 459% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 22.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ERII is expected to continue to be a Value Builder.
Energy Recovery has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Energy Recovery has a poor Power Rating of 29 and a poor Appreciation Score of 22, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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