ERII - Energy Recovery Insider Trades Send A Signal | Benzinga
A substantial insider sell was reported on May 30, by Joshua Ballard, Chief Financial Officer at Energy Recovery (NASDAQ:ERII), based on the recent SEC filing.
What Happened: Ballard's recent move involves selling 4,051 shares of Energy Recovery. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value is $54,866.
Energy Recovery shares are trading down 0.97% at $13.29 at the time of this writing on Friday morning.
Delving into Energy Recovery's Background
Energy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions that make industrial processes more efficient and sustainable. The company operates in three segments, Water, Emerging Technologies and Corporate. It offers energy recovery devices (ERDs) and pumps as well as related products and services to the global reverse osmosis desalination market. The company derives a majority of the revenue from the Water segment. Geographically, the company operates in the U.S. and other international countries.
Breaking Down Energy Recovery's Financial Performance
Revenue Challenges: Energy Recovery's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced ...