Deep Down Inc. (DPDW) Upgraded to “Hold” at ValuEngine

Deep Down Inc. (OTCMKTS:DPDW) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, July 13th.

Deep Down (OTCMKTS:DPDW) opened at 1.00 on Thursday. The firm’s 50-day moving average is $1.03 and its 200-day moving average is $1.10. Deep Down has a 1-year low of $0.75 and a 1-year high of $1.45. The company has a market capitalization of $15.37 million, a P/E ratio of 22.73 and a beta of -0.08.

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In other Deep Down news, CEO Ronald Eric Smith sold 58,500 shares of the business’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $1.15, for a total value of $67,275.00. Following the sale, the chief executive officer now directly owns 1,585,762 shares in the company, valued at $1,823,626.30. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Deep Down Company Profile

Deep Down, Inc is engaged in the oilfield services industry. The Company operates through Deep Down Delaware segment. The Company is a provider of specialized services to the offshore energy industry to support deep water and ultra-deep water exploration, development and production of oil and gas, and other maritime operations.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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