Superior Drilling Products, Inc. (SDPI) Price Target Cut to $2.00 by Analysts at Wunderlich
Superior Drilling Products, Inc. (NYSEMKT:SDPI) had its price target dropped by Wunderlich from $3.00 to $2.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Wunderlich’s price target would suggest a potential upside of 106.19% from the company’s current price.
Superior Drilling Products (NYSEMKT:SDPI) opened at 0.97 on Tuesday. The company’s market capitalization is $14.59 million. The stock has a 50 day moving average price of $1.08 and a 200 day moving average price of $1.52. Superior Drilling Products has a 52-week low of $0.84 and a 52-week high of $2.72.
An institutional investor recently raised its position in Superior Drilling Products stock. Lone Star Value Management LLC raised its stake in shares of Superior Drilling Products, Inc. (NYSEMKT:SDPI) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,905,000 shares of the company’s stock after buying an additional 120,327 shares during the period. Superior Drilling Products makes up about 6.3% of Lone Star Value Management LLC’s investment portfolio, making the stock its 5th largest position. Lone Star Value Management LLC owned approximately 12.67% of Superior Drilling Products worth $2,610,000 as of its most recent filing with the SEC.
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