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

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

Superior Drilling Products Price Performance

Shares of SDPI opened at $1.01 on Friday. The business has a 50-day moving average of $1.15 and a 200-day moving average of $1.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.79 and a quick ratio of 1.18. The company has a market capitalization of $30.69 million, a price-to-earnings ratio of 7.77 and a beta of 0.05. Superior Drilling Products has a 1 year low of $0.58 and a 1 year high of $1.47.

Institutional Investors Weigh In On Superior Drilling Products

An institutional investor recently bought a new position in Superior Drilling Products stock. Black Maple Capital Management LP bought a new stake in Superior Drilling Products, Inc. (NYSE:SDPI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 169,453 shares of the company’s stock, valued at approximately $155,000. Black Maple Capital Management LP owned 0.56% of Superior Drilling Products as of its most recent SEC filing. 43.44% of the stock is currently owned by institutional investors.

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.