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

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

Superior Drilling Products Price Performance

Shares of Superior Drilling Products stock opened at $1.01 on Friday. The stock has a market capitalization of $30.69 million, a price-to-earnings ratio of 7.77 and a beta of 0.05. The firm’s 50-day moving average price is $1.11 and its two-hundred day moving average price is $1.10. 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 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 acquired a new position in Superior Drilling Products, Inc. (NYSE:SDPI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 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 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.