Superior Drilling Products (NYSE:SDPI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Superior Drilling Products (NYSE:SDPIFree Report) in a report issued on Tuesday. The brokerage issued a buy rating on the stock.

Superior Drilling Products Price Performance

Superior Drilling Products stock opened at $0.71 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 2.04. The company’s fifty day moving average price is $0.73 and its 200 day moving average price is $0.84. The stock has a market capitalization of $21.67 million, a P/E ratio of 10.13 and a beta of -0.01. Superior Drilling Products has a 1 year low of $0.58 and a 1 year high of $2.21.

Institutional Trading of Superior Drilling Products

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Superior Drilling Products by 120.9% during the 1st quarter. Vanguard Group Inc. now owns 451,851 shares of the company’s stock worth $479,000 after purchasing an additional 247,328 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Superior Drilling Products in the 2nd quarter worth $43,000. Renaissance Technologies LLC raised its holdings in shares of Superior Drilling Products by 11.0% during the 1st quarter. Renaissance Technologies LLC now owns 389,548 shares of the company’s stock worth $348,000 after acquiring an additional 38,554 shares during the period. Citadel Advisors LLC acquired a new position in shares of Superior Drilling Products during the 2nd quarter valued at about $85,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of Superior Drilling Products in the 3rd quarter valued at approximately $151,000. Institutional investors and hedge funds own 14.82% of the company’s stock.

Superior Drilling Products Company Profile

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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.

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