Energy Recovery Inc’s recently made public that its Director Hanstveit Arve unloaded Company’s shares for reported $0.38 million on Jun 12 ’25. In the deal valued at $12.68 per share,30,000 shares were sold. As a result of this transaction, Hanstveit Arve now holds 655,220 shares worth roughly $8.0 million.
Then, Hanstveit Arve sold 20,000 shares, generating $255,000 in total proceeds. Upon selling the shares at $12.75, the Director now owns 685,220 shares.
Before that, Hanstveit Arve bought 30,000 shares. Energy Recovery Inc shares valued at $379,980 were divested by the Director at a price of $12.67 per share.
B. Riley Securities downgraded its Energy Recovery Inc [ERII] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Raymond James also remained covering ERII and has increased its forecast on July 09, 2024 with a “Strong buy” recommendation from previously “an Outperform” rating. B. Riley Securities started covering the stock on November 17, 2022. It rated ERII as “a Buy”.
Price Performance Review of ERII
On Tuesday, Energy Recovery Inc [NASDAQ:ERII] saw its stock fall -1.77% to $12.21. Over the last five days, the stock has lost -4.76%. Energy Recovery Inc shares have fallen nearly -16.94% since the year began. Nevertheless, the stocks have fallen -9.15% over the past one year. While a 52-week high of $20.27 was reached on 03/24/25, a 52-week low of $10.86 was recorded on 05/08/25.
Levels Of Support And Resistance For ERII Stock
The 24-hour chart illustrates a support level at 12.09, which if violated will result in even more drops to 11.96. On the upside, there is a resistance level at 12.40. A further resistance level may holdings at 12.58.
