Superior Drilling Products (NYSE:SDPI) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Superior Drilling Products (NYSE:SDPI) in a note issued to investors on Saturday. The firm set a “buy” rating on the stock.

Superior Drilling Products Stock Up 6.6 %

Superior Drilling Products stock opened at $1.30 on Friday. The firm has a market capitalization of $39.51 million, a price-to-earnings ratio of 10.00 and a beta of 0.02. The firm’s fifty day moving average price is $1.25 and its two-hundred day moving average price is $0.97. Superior Drilling Products has a 1-year low of $0.58 and a 1-year high of $2.21. The company has a current ratio of 1.79, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.

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

Institutional Trading of Superior Drilling Products

A hedge fund recently bought a new stake in Superior Drilling Products stock. Black Maple Capital Management LP purchased a new stake in shares of Superior Drilling Products, Inc. (NYSE:SDPI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 169,453 shares of the company’s stock, valued at approximately $155,000. Black Maple Capital Management LP owned about 0.56% of Superior Drilling Products at the end of the most recent reporting period. 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.