Wunderlich restated their buy rating on shares of Superior Drilling Products, Inc. (NASDAQ:SDPI) in a research note released on Tuesday morning. The brokerage currently has a $2.00 target price on the stock, down from their previous target price of $3.00.
Separately, Zacks Investment Research downgraded Superior Drilling Products from a hold rating to a sell rating in a research report on Tuesday, July 19th.
Superior Drilling Products (NASDAQ:SDPI) traded down 1.070% during trading on Tuesday, reaching $0.925. The company’s stock had a trading volume of 20,580 shares. The stock’s market cap is $13.91 million. The company’s 50-day moving average is $1.06 and its 200-day moving average is $1.51. Superior Drilling Products has a 12 month low of $0.84 and a 12 month high of $2.72.
Superior Drilling Products (NASDAQ:SDPI) last issued its quarterly earnings data on Friday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.10. Equities analysts expect that Superior Drilling Products will post ($0.35) EPS for the current fiscal year.
In other Superior Drilling Products news, major shareholder Jeffrey E. Eberwein bought 18,655 shares of the stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $1.38 per share, for a total transaction of $25,743.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jeffrey E. Eberwein bought 511,565 shares of the stock in a transaction on Friday, September 30th. The stock was acquired at an average price of $1.01 per share, with a total value of $516,680.65. The disclosure for this purchase can be found here.
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