Superior Drilling Products (NYSE:SDPI) Research Coverage Started at StockNews.com

Posted by Adam Masters on Jun 17th, 2024

StockNews.com initiated coverage on shares of Superior Drilling Products (NYSE:SDPI – Free Report) in a report published on Thursday. The brokerage issued a buy rating on the stock.

Superior Drilling Products Price Performance

Superior Drilling Products stock opened at $1.18 on Thursday. The firm has a market capitalization of $35.86 million, a P/E ratio of 9.08 and a beta of 0.02. The business has a 50-day moving average of $1.24 and a 200-day moving average of $0.94. The company has a current ratio of 1.79, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. Superior Drilling Products has a 1 year low of $0.58 and a 1 year high of $2.21.

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

Hedge Funds Weigh In On Superior Drilling Products

An institutional investor recently bought a new position in Superior Drilling Products stock. Acadian Asset Management LLC bought a new stake in Superior Drilling Products, Inc. (NYSE:SDPI – Free Report) during 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 as of its most recent SEC filing. 43.44% of the stock is currently owned by institutional investors and hedge funds.

Superior Drilling Products Company Profile

(Get Free Report)

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.