Deep Down Inc. (OTCMKTS:DPDW) is set to post its quarterly earnings results before the market opens on Monday, August 14th.
Shares of Deep Down Inc. (OTCMKTS:DPDW) opened at 0.98 on Friday. The stock has a 50 day moving average of $1.02 and a 200-day moving average of $1.09. The firm has a market capitalization of $15.07 million, a PE ratio of 22.27 and a beta of -0.08. Deep Down Inc. has a 52 week low of $0.75 and a 52 week high of $1.45.
Separately, ValuEngine raised shares of Deep Down from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th.
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In related news, CEO Ronald Eric Smith sold 58,500 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $1.15, for a total value of $67,275.00. Following the completion of the transaction, the chief executive officer now directly owns 1,585,762 shares of the company’s stock, valued at $1,823,626.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
About Deep Down
Deep Down, Inc is engaged in the oilfield services industry. The Company operates through Deep Down Delaware segment. The Company is a provider of specialized services to the offshore energy industry to support deep water and ultra-deep water exploration, development and production of oil and gas, and other maritime operations.
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