WALKER REID S
stated that they own a 6.9% stake in Superior Drilling Products, Inc. (NASDAQ:SDPI) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Wednesday, October 12th. The investor owns 1,657,143 shares of the stock worth approximately $1,408,572. The reporting parties listed on the disclosure included Hard 4 Holdings, LLC and Reid Walker. The filing is available through EDGAR at this hyperlink.
Shares of Superior Drilling Products, Inc. (NASDAQ:SDPI) traded down 3.3820% during trading on Wednesday, reaching $0.8599. 26,066 shares of the company were exchanged. The stock’s market capitalization is $12.93 million. Superior Drilling Products, Inc. has a one year low of $0.81 and a one year high of $2.72. The stock has a 50-day moving average price of $1.04 and a 200-day moving average price of $1.49.
Superior Drilling Products (NASDAQ:SDPI) last issued 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 forecast that Superior Drilling Products, Inc. will post ($0.35) EPS for the current year.
A number of brokerages recently weighed in on SDPI. Zacks Investment Research downgraded shares of Superior Drilling Products from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Wunderlich reissued a “buy” rating and set a $2.00 target price (down previously from $3.00) on shares of Superior Drilling Products in a research note on Tuesday, October 4th.
In other Superior Drilling Products news, major shareholder Jeffrey E. Eberwein purchased 18,655 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was bought at an average cost of $1.38 per share, for a total transaction of $25,743.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Jeffrey E. Eberwein purchased 511,565 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was acquired at an average price of $1.01 per share, with a total value of $516,680.65. The disclosure for this purchase can be found here.
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