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

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

Superior Drilling Products Stock Performance

Shares of SDPI stock opened at $1.25 on Tuesday. The stock has a market capitalization of $37.99 million, a PE ratio of 9.62 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. The stock’s 50-day moving average price is $1.25 and its 200 day moving average price is $1.04. The company has a quick ratio of 1.18, a current ratio of 1.79 and a debt-to-equity ratio of 0.36.

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

Institutional Investors Weigh In On 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 first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 169,453 shares of the company’s stock, valued at approximately $155,000. Black Maple Capital Management LP owned approximately 0.56% of Superior Drilling Products at the end of the most recent quarter. 43.44% of the stock is owned by institutional investors and hedge funds.

Superior Drilling Products Company Profile

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.