Superior Drilling Products, Inc. (NYSEMKT:SDPI) had its target price decreased by equities researchers at Wunderlich from $3.00 to $2.00 in a research note issued on Tuesday, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the stock. Wunderlich’s price target suggests a potential upside of 115.05% from the company’s current price.
Shares of Superior Drilling Products (NYSEMKT:SDPI) opened at 0.93 on Tuesday. Superior Drilling Products has a 52 week low of $0.84 and a 52 week high of $2.72. The company has a 50 day moving average of $1.06 and a 200 day moving average of $1.51. The company’s market cap is $13.99 million.
A hedge fund recently raised its stake in Superior Drilling Products stock. Lone Star Value Management LLC increased its position in shares of Superior Drilling Products, Inc. (NYSEMKT:SDPI) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,905,000 shares of the company’s stock after buying an additional 120,327 shares during the period. Superior Drilling Products comprises about 6.3% of Lone Star Value Management LLC’s portfolio, making the stock its 5th largest position. Lone Star Value Management LLC owned 12.67% of Superior Drilling Products worth $2,610,000 at the end of the most recent quarter.
Receive News & Ratings for Superior Drilling Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Drilling Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.