Superior Drilling Products (NYSE:SDPI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Superior Drilling Products (NYSE:SDPI) in a research report released on Sunday. The brokerage issued a buy rating on the stock.

Superior Drilling Products Trading Down 5.7 %

NYSE:SDPI opened at $1.22 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $1.25 and its 200-day simple moving average is $1.00. Superior Drilling Products has a 12-month low of $0.58 and a 12-month high of $2.21. The firm has a market cap of $36.98 million, a P/E ratio of 9.31 and a beta of 0.05.

Superior Drilling Products (NYSE:SDPI) last released its earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $4.95 million for the quarter. Superior Drilling Products had a return on equity of 31.10% and a net margin of 20.88%.

Institutional Investors Weigh In On Superior Drilling Products

An institutional investor recently bought a new position in Superior Drilling Products stock. Black Maple Capital Management LP purchased a new stake in Superior Drilling Products, Inc. (NYSE:SDPI) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 169,453 shares of the company’s stock, valued at approximately $155,000. Black Maple Capital Management LP owned approximately 0.56% of Superior Drilling Products as of its most recent SEC filing. 43.44% of the stock is owned by institutional investors and hedge funds.

Superior Drilling Products Company Profile

Superior Drilling Products, Inc, a drilling and completion tool technology company, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in North America and internationally. Its drilling solutions include Drill-N-Ream, a dual-section wellbore conditioning tool; Strider, a drill string oscillation system technology; and V-Stream, an advanced conditioning system.