Superior Drilling Products, Inc. (SDPI) Receives “Buy” Rating from Wunderlich
Wunderlich restated their buy rating on shares of Superior Drilling Products, Inc. (NASDAQ:SDPI) in a report published on Tuesday morning. They currently have a $2.00 target price on the stock, down from their previous target price of $3.00.
Separately, Zacks Investment Research downgraded Superior Drilling Products from a hold rating to a sell rating in a report on Tuesday, July 19th.
Superior Drilling Products (NASDAQ:SDPI) traded up 2.20% on Tuesday, hitting $0.93. The stock had a trading volume of 2,600 shares. The company has a 50-day moving average price of $1.07 and a 200 day moving average price of $1.51. The firm’s market cap is $13.99 million. Superior Drilling Products has a 52-week low of $0.84 and a 52-week high of $2.72.
Superior Drilling Products (NASDAQ:SDPI) last issued its quarterly earnings results on Friday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.10. Equities analysts forecast that Superior Drilling Products will post ($0.29) earnings per share for the current fiscal year.
In other news, major shareholder Jeffrey E. Eberwein acquired 18,655 shares of Superior Drilling Products stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $1.38 per share, for a total transaction of $25,743.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Jeffrey E. Eberwein acquired 511,565 shares of Superior Drilling Products stock in a transaction on Friday, September 30th. The shares were purchased at an average price of $1.01 per share, for a total transaction of $516,680.65. The disclosure for this purchase can be found here.
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