Energy Recovery Inc.’s(ERII) MACD indicator has moved into bearish territory with a reading of -0.0435. The Zacks #4 Rank (“Sell”) stock fell more than 3% to $5.51 in afternoon trade. The Zacks Consensus Estimate on the company’s full-year earnings has reduced by 3 cents over the past month to 8 cents per share.
“ERII” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research