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

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

Superior Drilling Products Price Performance

Shares of Superior Drilling Products stock opened at $1.01 on Friday. The business has a 50 day moving average of $1.16 and a 200 day moving average of $1.07. Superior Drilling Products has a 52 week low of $0.58 and a 52 week high of $1.47. The company has a market cap of $30.69 million, a PE ratio of 7.77 and a beta of 0.05. The company has a quick ratio of 1.18, a current ratio of 1.79 and a debt-to-equity ratio of 0.36.

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 bought a new position in shares of Superior Drilling Products, Inc. (NYSE:SDPI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 169,453 shares of the company’s stock, valued at approximately $155,000. Black Maple Capital Management LP owned 0.56% of Superior Drilling Products as of its most recent filing with the Securities and Exchange Commission. 43.44% of the stock is owned by institutional investors.

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.