Initiates Coverage on Superior Drilling Products (NYSE:SDPI)

Research analysts at initiated coverage on shares of Superior Drilling Products (NYSE:SDPIGet Rating) in a report issued on Friday. The brokerage set a “buy” rating on the stock.

Superior Drilling Products Stock Down 1.4 %

NYSE:SDPI opened at $0.80 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.50 and a current ratio of 1.83. The firm has a market cap of $23.39 million, a P/E ratio of 16.00 and a beta of 0.19. Superior Drilling Products has a fifty-two week low of $0.62 and a fifty-two week high of $1.84. The firm has a 50-day simple moving average of $0.74 and a two-hundred day simple moving average of $0.88.

Superior Drilling Products Company Profile

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Superior Drilling Products, Inc, a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States, Canada, the Middle East, and Eastern Europe. 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.

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