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

StockNews.com started coverage on shares of Superior Drilling Products (NYSE:SDPI) in a research note published on Wednesday morning. The brokerage issued a buy rating on the stock.

Superior Drilling Products Price Performance

Shares of SDPI stock opened at $1.01 on Wednesday. Superior Drilling Products has a 1 year low of $0.58 and a 1 year high of $1.47. The company has a current ratio of 1.79, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $1.22 and its 200-day moving average is $1.05. The firm has a market capitalization of $30.69 million, a price-to-earnings ratio of 7.77 and a beta of 0.06.

Superior Drilling Products (NYSE:SDPI) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm 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%.

Institutional Trading of Superior Drilling Products

An institutional investor recently bought a new position in Superior Drilling Products stock. Black Maple Capital Management LP purchased a new position in shares of Superior Drilling Products, Inc. (NYSE:SDPI) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 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 at the end of the most recent reporting period. 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.