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

Equities researchers at StockNews.com initiated coverage on shares of Superior Drilling Products (NYSE:SDPI) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the stock.

Superior Drilling Products Trading Down 1.2 %

Shares of SDPI stock 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. The company has a market cap of $37.53 million, a price-to-earnings ratio of 5.15 and a beta of 0.04. The stock has a 50 day simple moving average of $0.93 and a 200-day simple moving average of $0.81. Superior Drilling Products has a 1-year low of $0.58 and a 1-year high of $2.21.

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

Institutional Trading of Superior Drilling Products

An institutional investor recently bought a new position in Superior Drilling Products stock. Acadian Asset Management LLC purchased a new position in shares of Superior Drilling Products, Inc. (NYSE:SDPI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 91,398 shares of the company’s stock, valued at approximately $72,000. Acadian Asset Management LLC owned approximately 0.30% of Superior Drilling Products as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 43.44% of the company’s stock.

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.