Superior Drilling Products (NYSE:SDPI) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Superior Drilling Products (NYSE:SDPIGet Free Report) in a research note issued on Saturday. The firm set a “buy” rating on the stock.

Superior Drilling Products Price Performance

Shares of SDPI opened at $0.89 on Friday. The firm has a market cap of $27.16 million and a PE ratio of 3.72. The firm’s 50 day moving average price is $0.75 and its 200 day moving average price is $0.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 2.04. Superior Drilling Products has a twelve month low of $0.58 and a twelve month high of $2.21.

Superior Drilling Products (NYSE:SDPIGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $4.27 million for the quarter. Superior Drilling Products had a net margin of 35.46% and a return on equity of 72.32%.

Hedge Funds Weigh In On Superior Drilling Products

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Superior Drilling Products by 120.9% during the first quarter. Vanguard Group Inc. now owns 451,851 shares of the company’s stock worth $479,000 after acquiring an additional 247,328 shares during the period. CreativeOne Wealth LLC bought a new position in Superior Drilling Products during the third quarter worth $151,000. Acadian Asset Management LLC bought a new stake in Superior Drilling Products in the 3rd quarter valued at $72,000. Citadel Advisors LLC bought a new stake in Superior Drilling Products in the 2nd quarter valued at $85,000. Finally, Jane Street Group LLC bought a new stake in Superior Drilling Products in the 2nd quarter valued at $43,000. Institutional investors own 14.82% of the company’s stock.

Superior Drilling Products Company Profile

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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.

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