Superior Drilling Products (NYSE:SDPI) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Superior Drilling Products (NYSE:SDPI) in a research report sent to investors on Monday. The firm issued a buy rating on the stock.

Superior Drilling Products Price Performance

NYSE SDPI opened at $1.01 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.79. The firm has a 50-day simple moving average of $1.08 and a 200 day simple moving average of $1.11. Superior Drilling Products has a twelve month low of $0.58 and a twelve month high of $1.47. The stock has a market cap of $30.69 million, a PE ratio of 7.77 and a beta of 0.05.

Institutional Investors Weigh In On 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) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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. 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.