Superior Drilling Products (NYSEAMERICAN:SDPI) was downgraded by TheStreet from a “c-” rating to a “d+” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Superior Drilling Products from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded Superior Drilling Products from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Superior Drilling Products presently has a consensus rating of “Buy” and a consensus target price of $1.83.

Superior Drilling Products (NYSEAMERICAN:SDPI) traded up $0.01 during trading on Tuesday, reaching $1.53. The company had a trading volume of 66,935 shares, compared to its average volume of 92,515. The firm has a market capitalization of $35.25, a price-to-earnings ratio of -17.00 and a beta of -1.97. Superior Drilling Products has a 12-month low of $0.59 and a 12-month high of $1.77.

Superior Drilling Products (NYSEAMERICAN:SDPI) last issued its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $4.45 million for the quarter, compared to analysts’ expectations of $4.13 million.

A hedge fund recently raised its stake in Superior Drilling Products stock. Adirondack Research & Management Inc. grew its position in Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) by 2,836.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 616,733 shares of the oil and gas company’s stock after acquiring an additional 595,733 shares during the quarter. Adirondack Research & Management Inc. owned about 2.55% of Superior Drilling Products worth $493,000 as of its most recent SEC filing.

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About Superior Drilling Products

Superior Drilling Products, Inc, a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States and internationally. It is involved in the design and manufacture of new drill bit and horizontal drill string enhancement tools for the oil, natural gas, and mining services industries; and the refurbishment of polycrystalline diamond compact drill bits.

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