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

StockNews.com began coverage on shares of Superior Drilling Products (NYSE:SDPI) in a report issued on Saturday morning. The firm issued a buy rating on the stock.

Superior Drilling Products Stock Down 1.6 %

NYSE SDPI opened at $1.21 on Friday. Superior Drilling Products has a 52 week low of $0.58 and a 52 week high of $2.21. The company has a quick ratio of 1.18, a current ratio of 1.79 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $1.25 and its 200-day simple moving average is $0.98. The firm has a market cap of $36.77 million, a PE ratio of 9.31 and a beta of 0.06.

Superior Drilling Products (NYSE:SDPI) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.06) EPS for the quarter. Superior Drilling Products had a return on equity of 31.10% and a net margin of 20.88%. The company had revenue of $4.95 million for 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 bought a new stake in Superior Drilling Products, Inc. (NYSE:SDPI) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 43.44% of the company’s stock.

About Superior Drilling Products

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.