Superior Drilling Products, Inc. (NYSEMKT:SDPI) had its price target cut by Wunderlich from $3.00 to $2.00 in a research report issued to clients and investors on Tuesday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. Wunderlich’s target price would indicate a potential upside of 106.19% from the company’s previous close.
Shares of Superior Drilling Products (NYSEMKT:SDPI) opened at 0.97 on Tuesday. Superior Drilling Products has a 52-week low of $0.84 and a 52-week high of $2.72. The firm’s 50-day moving average is $1.08 and its 200 day moving average is $1.52. The stock’s market capitalization is $14.59 million.
A hedge fund recently raised its stake in Superior Drilling Products stock. Lone Star Value Management LLC increased its position in shares of Superior Drilling Products, Inc. (NYSEMKT:SDPI) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,905,000 shares of the company’s stock after buying an additional 120,327 shares during the period. Superior Drilling Products comprises approximately 6.3% of Lone Star Value Management LLC’s portfolio, making the stock its 5th largest position. Lone Star Value Management LLC owned about 12.67% of Superior Drilling Products worth $2,610,000 as of its most recent filing with the SEC.
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