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 the stock in a transaction on Friday, September 30th. The shares were purchased at an average price of $1.01 per share, for a total transaction of $516,680.65. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Superior Drilling Products, Inc. (NASDAQ:SDPI) traded down 6.19% on Tuesday, reaching $0.91. The company’s stock had a trading volume of 69,579 shares. The firm’s market cap is $13.69 million. The firm has a 50 day moving average of $1.07 and a 200 day moving average of $1.51. Superior Drilling Products, Inc. has a 12 month low of $0.84 and a 12 month high of $2.72.

Superior Drilling Products (NASDAQ:SDPI) last announced its quarterly earnings results on Friday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. Analysts anticipate that Superior Drilling Products, Inc. will post ($0.29) earnings per share for the current year.

Several research analysts have weighed in on the company. Zacks Investment Research cut Superior Drilling Products from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Wunderlich reiterated a “buy” rating and set a $2.00 price objective (down previously from $3.00) on shares of Superior Drilling Products in a research report on Tuesday.

5 Day Chart for NASDAQ:SDPI

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