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

StockNews.com assumed coverage on shares of Superior Drilling Products (NYSE:SDPI) in a research note released on Sunday. The brokerage issued a buy rating on the stock.

Superior Drilling Products Price Performance

Shares of NYSE:SDPI opened at $1.01 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.79 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $30.69 million, a P/E ratio of 7.77 and a beta of 0.05. Superior Drilling Products has a 52-week low of $0.58 and a 52-week high of $1.47. The stock’s fifty day simple moving average is $1.11 and its 200-day simple moving average is $1.10.

Institutional Investors Weigh In On Superior Drilling Products

An institutional investor recently bought a new position in Superior Drilling Products stock. Black Maple Capital Management LP acquired a new stake in Superior Drilling Products, Inc. (NYSE:SDPI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 169,453 shares of the company’s stock, valued at approximately $155,000. Black Maple Capital Management LP owned 0.56% of Superior Drilling Products as of its most recent SEC filing. 43.44% of the stock is currently owned by institutional investors and hedge funds.

Superior Drilling Products Company Profile

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.