Energy Recovery Stock Gaps Down On Today's Open (ERII)

NEW YORK (TheStreet) -- Shares of Energy Recovery (Nasdaq:ERII) were gapping down Friday morning with an open price 10.1% lower than Thursday's closing price. The stock closed at $3.17 Thursday and opened today's trading at $2.85.

The average volume for Energy Recovery has been 264,000 shares per day over the past 30 days. Energy Recovery has a market cap of $161.6 million and is part of the industrial goods sector and industrial industry. Shares are down 13.4% year to date as of the close of trading on Thursday.

Energy Recovery, Inc. engages in the development, manufacture, and sale of energy recovery devices and pumps primarily for use in seawater and brackish water desalination worldwide.

TheStreet Ratings rates Energy Recovery as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Energy Recovery Ratings Report.

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