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

Investment analysts at StockNews.com initiated coverage on shares of Superior Drilling Products (NYSE:SDPIGet Free Report) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the stock.

Superior Drilling Products Stock Performance

NYSE SDPI opened at $1.24 on Wednesday. The stock has a market capitalization of $37.68 million, a price-to-earnings ratio of 9.54 and a beta of 0.02. The business’s 50 day moving average is $1.21 and its two-hundred day moving average is $0.92. Superior Drilling Products has a 12-month low of $0.58 and a 12-month 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:SDPIGet Free Report) last released its earnings results on Tuesday, May 14th. The company reported ($0.06) EPS for the quarter. The business had revenue of $4.95 million during the quarter. Superior Drilling Products had a net margin of 20.88% and a return on equity of 31.10%.

Institutional Trading of Superior Drilling Products

An institutional investor recently bought a new position in Superior Drilling Products stock. Acadian Asset Management LLC acquired a new position in shares of Superior Drilling Products, Inc. (NYSE:SDPIFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 91,398 shares of the company’s stock, valued at approximately $72,000. Acadian Asset Management LLC owned approximately 0.30% of Superior Drilling Products at the end of the most recent quarter. Hedge funds and other institutional investors own 43.44% 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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