Energy Recovery (NASDAQ:ERII) Shares Gap Down Following Analyst Downgrade

Shares of Energy Recovery, Inc. (NASDAQ: ERII - Get Free Report) gapped down before the market opened on Wednesday after Northcoast Research downgraded the stock from a buy rating to a neutral rating. The stock had previously closed at $11.29, but opened at $10.48. Energy Recovery shares last traded at $10.7280, with a volume of 184,437