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 Sunday. The brokerage issued a buy rating on the stock.

Superior Drilling Products Price Performance

Shares of SDPI stock opened at $1.22 on Friday. The firm has a market capitalization of $36.98 million, a price-to-earnings ratio of 9.31 and a beta of 0.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.79. The stock’s 50-day simple moving average is $1.25 and its 200-day simple moving average is $1.00. Superior Drilling Products has a fifty-two week low of $0.58 and a fifty-two week high of $2.21.

Superior Drilling Products (NYSE:SDPI) last issued its quarterly earnings results 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 net margin of 20.88% and a return on equity of 31.10%.

Hedge Funds Weigh In On Superior Drilling Products

An institutional investor recently bought a new position in Superior Drilling Products stock. Black Maple Capital Management LP acquired a new position in Superior Drilling Products, Inc. (NYSE:SDPI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 169,453 shares of the company’s stock, valued at approximately $155,000. Black Maple Capital Management LP owned approximately 0.56% of Superior Drilling Products at the end of the most recent quarter. Institutional investors and hedge funds 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.