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

StockNews.com initiated coverage on shares of Superior Drilling Products (NYSE:SDPI) in a report released on Monday morning. The brokerage issued a buy rating on the stock.

Superior Drilling Products Trading Down 2.0 %

NYSE SDPI opened at $1.24 on Monday. Superior Drilling Products has a 12 month low of $0.58 and a 12 month high of $2.21. The stock has a 50-day simple moving average of $1.25 and a 200 day simple moving average of $1.02. The company has a current ratio of 1.79, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $37.68 million, a PE ratio of 9.54 and a beta of 0.05.

Superior Drilling Products (NYSE:SDPI) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share for the quarter. Superior Drilling Products had a return on equity of 31.10% and a net margin of 20.88%. The firm 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 purchased a new position in shares of Superior Drilling Products, Inc. (NYSE:SDPI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing. Institutional investors and hedge funds own 43.44% of the company’s stock.

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.