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

Research analysts at StockNews.com assumed coverage on shares of Superior Drilling Products (NYSE:SDPI) in a report released on Tuesday. The firm set a “buy” rating on the stock.

Superior Drilling Products Stock Performance

Shares of SDPI stock opened at $1.01 on Tuesday. 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 has a fifty day simple moving average of $1.07 and a two-hundred day simple moving average of $1.12. The firm has a market capitalization of $30.69 million, a PE ratio of 7.77 and a beta of 0.05. Superior Drilling Products has a 52-week low of $0.58 and a 52-week high of $1.47.

Institutional Trading of Superior Drilling Products

An institutional investor recently bought a new position in Superior Drilling Products stock. Black Maple Capital Management LP acquired a new stake in Superior Drilling Products, Inc. (NYSE:SDPI) during the 1st quarter, according to the company in its most recent disclosure 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 about 0.56% of Superior Drilling Products as of its most recent SEC filing. Hedge funds and other institutional investors 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.