Superior Drilling Products, Inc. (SDPI) Posts Earnings Results
Superior Drilling Products, Inc. (NASDAQ:SDPI) announced its quarterly earnings results on Monday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03.
Superior Drilling Products (NASDAQ:SDPI) opened at 0.9699 on Tuesday. The firm’s market cap is $14.59 million. The company has a 50 day moving average of $0.91 and a 200-day moving average of $1.39. Superior Drilling Products has a one year low of $0.77 and a one year high of $2.72.
A number of brokerages have weighed in on SDPI. Zacks Investment Research cut shares of Superior Drilling Products from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Wunderlich restated a “buy” rating and issued a $2.00 price objective (down previously from $3.00) on shares of Superior Drilling Products in a report on Tuesday, October 4th.
In other news, major shareholder Jeffrey E. Eberwein bought 511,565 shares of Superior Drilling Products stock in a transaction on Friday, September 30th. The shares were bought at an average cost of $1.01 per share, for a total transaction of $516,680.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey E. Eberwein sold 1,725,889 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $0.84, for a total transaction of $1,449,746.76. The disclosure for this sale can be found here.
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