The 1,725,889 Shares of Stock are sold by Superior Drilling Products, Inc. (SDPI) Insider Jeffrey E. Eberwein

The 1,725,889 Shares of Stock are sold by Superior Drilling Products, Inc. (SDPI) Insider Jeffrey E. Eberwein

Superior Drilling Products, Inc. (NASDAQ:SDPI) insider Jeffrey E. Eberwein sold 1,725,889 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $0.84, for a total value of $1,449,746.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Superior Drilling Products, Inc. (NASDAQ:SDPI) opened at 0.86 on Monday. The firm has a 50-day moving average price of $0.95 and a 200-day moving average price of $1.44. Superior Drilling Products, Inc. has a 1-year low of $0.77 and a 1-year high of $2.72. The stock’s market cap is $12.94 million.

Superior Drilling Products (NASDAQ:SDPI) last issued its quarterly earnings results on Friday, August 12th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. Equities analysts forecast that Superior Drilling Products, Inc. will post ($0.40) EPS for the current year.

SDPI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Superior Drilling Products from a “hold” rating to a “sell” rating in a research note on Friday, October 7th. Wunderlich reiterated a “buy” rating and issued a $2.00 target price (down previously from $3.00) on shares of Superior Drilling Products in a research note on Tuesday, October 4th.

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