ValuEngine cut shares of Deep Down Inc. (OTCMKTS:DPDW) from a hold rating to a sell rating in a research report sent to investors on Friday.

Deep Down (OTCMKTS:DPDW) opened at 0.97 on Friday. The firm’s 50-day moving average is $0.99 and its 200-day moving average is $1.07. The firm has a market cap of $14.70 million, a PE ratio of 8.82 and a beta of -0.13. Deep Down has a 12 month low of $0.75 and a 12 month high of $1.45.

Deep Down (OTCMKTS:DPDW) last issued its quarterly earnings results on Monday, August 14th. The energy company reported $0.03 earnings per share for the quarter. Deep Down had a net margin of 6.51% and a return on equity of 7.27%. The company had revenue of $5.38 million during the quarter.

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Deep Down Company Profile

Deep Down, Inc is engaged in the oilfield services industry. The Company operates through Deep Down Delaware segment. The Company is a provider of specialized services to the offshore energy industry to support deep water and ultra-deep water exploration, development and production of oil and gas, and other maritime operations.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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