Superior Drilling Products (NYSE:SDPI) Earns Buy Rating from Analysts at StockNews.com

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

Superior Drilling Products Stock Performance

SDPI stock opened at $1.23 on Friday. The company has a market cap of $37.38 million, a P/E ratio of 9.46 and a beta of 0.06. 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 0.36, a current ratio of 1.79 and a quick ratio of 1.18. The stock’s fifty day moving average price is $1.25 and its 200-day moving average price is $0.98.

Superior Drilling Products (NYSE:SDPI) last released its earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $4.95 million for the quarter. Superior Drilling Products had a net margin of 20.88% and a return on equity of 31.10%.

Institutional Investors 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 shares of Superior Drilling Products, Inc. (NYSE:SDPI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 91,398 shares of the company’s stock, valued at approximately $72,000. Acadian Asset Management LLC owned 0.30% of Superior Drilling Products at the end of the most recent reporting period. 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.