Superior Drilling Products (NYSE:SDPI) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Superior Drilling Products (NYSE:SDPI) in a report published on Saturday morning. The brokerage issued a buy rating on the stock.

Superior Drilling Products Stock Performance

Shares of NYSE:SDPI opened at $1.30 on Friday. Superior Drilling Products has a 1 year low of $0.58 and a 1 year high of $2.21. The firm has a market capitalization of $39.51 million, a PE ratio of 10.00 and a beta of 0.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.79 and a quick ratio of 1.18. The business’s 50 day moving average price is $1.25 and its 200-day moving average price is $0.97.

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

Hedge Funds Weigh In On Superior Drilling Products

A hedge fund recently bought a new stake in Superior Drilling Products stock. Acadian Asset Management LLC bought a new stake in Superior Drilling Products, Inc. (NYSE:SDPI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 owned by hedge funds and other 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.