ValuEngine downgraded shares of Deep Down Inc. (OTCMKTS:DPDW) from a hold rating to a sell rating in a report issued on Friday morning.
Deep Down (OTCMKTS:DPDW) opened at 0.97 on Friday. The company’s 50 day moving average price is $0.99 and its 200-day moving average price is $1.07. The stock has a market cap of $14.70 million, a price-to-earnings ratio of 8.82 and a beta of -0.13. Deep Down has a 12-month low of $0.75 and a 12-month high of $1.45.
Deep Down (OTCMKTS:DPDW) last issued its earnings results on Monday, August 14th. The energy company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $5.38 million for the quarter. Deep Down had a net margin of 6.51% and a return on equity of 7.27%.
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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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