Superior Drilling Products (NYSE:SDPI) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Superior Drilling Products (NYSE:SDPI) in a research report sent to investors on Saturday. The firm issued a buy rating on the stock.

Superior Drilling Products Stock Performance

SDPI opened at $1.21 on Friday. The firm has a market cap of $36.77 million, a P/E ratio of 9.31 and a beta of 0.06. Superior Drilling Products has a 1-year low of $0.58 and a 1-year high of $2.21. The company has a 50 day simple moving average of $1.25 and a two-hundred day simple moving average of $0.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.79 and a quick ratio of 1.18.

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

Institutional Investors 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 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 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.