Overall market sentiment has been neutral on Energy Recovery, Inc. (ERII) stock lately. ERII receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ERII Stock Today?
Energy Recovery, Inc. (ERII) stock is higher by 4.68% while the S&P 500 has fallen -1.23% as of 10:12 AM on Tuesday, Feb 23. ERII is up $0.71 from the previous closing price of $15.17 on volume of 292,136 shares. Over the past year the S&P 500 has gained 18.69% while ERII is up 52.99%. ERII earned $0.40 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 40.14.
More About Energy Recovery, Inc.
Energy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions for industrial fluid flow processes. The company operates in two segments, Water, and Oil and gas, and its products are utilized in these markets to either recycle and convert wasted pressure energy into a usable asset or preserve pumps that are subject to hostile processing environments. 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 US and other international countries.