Superior Drilling Products, Inc. (SDPI) Major Shareholder Jeffrey E. Eberwein Acquires 511,565 Shares
Superior Drilling Products, Inc. (NASDAQ:SDPI) major shareholder Jeffrey E. Eberwein acquired 511,565 shares of Superior Drilling Products stock in a transaction dated Friday, September 30th. The stock was acquired at an average cost of $1.01 per share, with a total value of $516,680.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Superior Drilling Products, Inc. (NASDAQ:SDPI) opened at 0.91 on Wednesday. The company’s market capitalization is $13.69 million. Superior Drilling Products, Inc. has a 12 month low of $0.84 and a 12 month high of $2.72. The company has a 50-day moving average price of $1.07 and a 200 day moving average price of $1.51.
Superior Drilling Products (NASDAQ:SDPI) last released its earnings results on Friday, August 12th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. On average, equities research analysts forecast that Superior Drilling Products, Inc. will post ($0.29) EPS for the current fiscal year.
Several research firms have recently weighed in on SDPI. Zacks Investment Research cut Superior Drilling Products from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Wunderlich reaffirmed a “buy” rating and issued a $2.00 target price (down from $3.00) on shares of Superior Drilling Products in a research report on Tuesday.
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