Superior Drilling Products Inc. (NYSE American:SDPI) traded at a new 52-week high today of $1.52. Approximately 23.4 million shares have changed hands today, as compared to an average 30-day volume of 449,000 shares.
Superior Drilling Products Inc. share prices have moved between a 52-week high of $1.52 and a 52-week low of $0.33 and are now trading 273% above that low price at $1.25 per share.
Superior Drilling Products Inc. (NYSE American:SDPI) defies analysts with a current price ($1.25) 30.3% above its average consensus price target of $0.87.
Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.
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