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

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

Superior Drilling Products Trading Up 2.0 %

Shares of NYSE:SDPI opened at $1.26 on Friday. The company has a market capitalization of $38.29 million, a P/E ratio of 5.15 and a beta of 0.04. Superior Drilling Products has a 1 year low of $0.58 and a 1 year high of $2.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.29 and a quick ratio of 1.59. The business’s 50 day simple moving average is $0.94 and its 200 day simple moving average is $0.81.

Superior Drilling Products (NYSE:SDPI) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.18 earnings per share (EPS) for the quarter. Superior Drilling Products had a return on equity of 62.62% and a net margin of 35.46%. The business had revenue of $4.27 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Superior Drilling Products stock. Acadian Asset Management LLC purchased a new stake in Superior Drilling Products, Inc. (NYSE:SDPI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 91,398 shares of the company’s stock, valued at approximately $72,000. Acadian Asset Management LLC owned about 0.30% of Superior Drilling Products as of its most recent filing with the Securities and Exchange Commission. 43.44% of the stock is currently owned by institutional investors.

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.