Superior Drilling Products, Inc. (SDPI) Announces Earnings Results
Superior Drilling Products, Inc. (NASDAQ:SDPI) issued its earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03.
Shares of Superior Drilling Products (NASDAQ:SDPI) opened at 0.9699 on Tuesday. The firm’s market cap is $14.59 million. Superior Drilling Products has a 52 week low of $0.77 and a 52 week high of $2.72. The stock has a 50 day moving average price of $0.91 and a 200 day moving average price of $1.39.
A number of equities analysts have issued reports on the company. Wunderlich reaffirmed a “buy” rating and issued a $2.00 target price (down previously from $3.00) on shares of Superior Drilling Products in a report on Tuesday, October 4th. Zacks Investment Research cut Superior Drilling Products from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th.
In other Superior Drilling Products news, major shareholder Jeffrey E. Eberwein acquired 511,565 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was bought at an average price of $1.01 per share, with a total value of $516,680.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jeffrey E. Eberwein acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The shares were acquired at an average cost of $0.87 per share, with a total value of $43,500.00. The disclosure for this purchase can be found here.
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