Superior Drilling Products (NYSE:SDPI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Superior Drilling Products (NYSE:SDPI) in a research report released on Thursday morning. The brokerage issued a buy rating on the stock.

Superior Drilling Products Stock Performance

SDPI stock opened at $1.13 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.29 and a quick ratio of 1.59. The company has a fifty day moving average price of $0.88 and a two-hundred day moving average price of $0.79. Superior Drilling Products has a one year low of $0.58 and a one year high of $2.21. The stock has a market cap of $34.34 million, a price-to-earnings ratio of 4.71 and a beta of 0.04.

Superior Drilling Products (NYSE:SDPI) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.18 EPS for the quarter. Superior Drilling Products had a net margin of 35.46% and a return on equity of 62.62%. The firm had revenue of $4.27 million during the quarter.

Institutional Investors Weigh In On Superior Drilling Products

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Superior Drilling Products in the second quarter valued at about $43,000. Acadian Asset Management LLC bought a new stake in shares of Superior Drilling Products in the third quarter valued at about $72,000. Citadel Advisors LLC bought a new stake in shares of Superior Drilling Products in the second quarter valued at about $85,000. CreativeOne Wealth LLC bought a new stake in shares of Superior Drilling Products in the third quarter valued at about $151,000. Finally, Renaissance Technologies LLC boosted its position in shares of Superior Drilling Products by 11.0% in the first quarter. Renaissance Technologies LLC now owns 389,548 shares of the company’s stock valued at $348,000 after acquiring an additional 38,554 shares during the period. Institutional investors own 43.44% of the company’s stock.

About Superior Drilling Products

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.