Energy Recovery, Inc. (ERII - Snapshot Report) was a big mover last session, as the company saw its shares rise over 7% on the day. The stock was added to the "conviction list" at Iberia Capital, the Fly reports. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.07 to $16.11 in the past one-month time frame.
The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Energy Recovery currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Another favorably placed stock in the same industry is Heritage-Crystal Clean, Inc (HCCI - Snapshot Report) , sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
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