StockNews.com Begins Coverage on Superior Drilling Products (NYSE:SDPI)

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

Superior Drilling Products Price Performance

Shares of NYSE SDPI opened at $1.24 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.29 and a quick ratio of 1.59. Superior Drilling Products has a fifty-two week low of $0.58 and a fifty-two week high of $2.21. The stock has a market capitalization of $37.68 million, a PE ratio of 5.17 and a beta of -0.03. The business has a fifty day moving average price of $1.02 and a two-hundred day moving average price of $0.83.

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

Hedge Funds Weigh In On Superior Drilling Products

A hedge fund recently bought a new stake in Superior Drilling Products stock. Acadian Asset Management LLC bought a new stake in Superior Drilling Products, Inc. (NYSE:SDPI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent quarter. 43.44% of the stock is owned by hedge funds and other institutional investors.

Superior Drilling Products Company Profile

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.