ValuEngine Downgrades Deep Down Inc. (DPDW) to Sell
Deep Down Inc. (OTCMKTS:DPDW) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
Deep Down (OTCMKTS DPDW) traded up 3.81% on Tuesday, hitting $1.09. Deep Down has a 12 month low of $0.75 and a 12 month high of $1.45. The stock’s 50-day moving average is $1.12 and its 200-day moving average is $1.13. The company has a market cap of $16.76 million and a P/E ratio of 24.77.
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In related news, CEO Ronald Eric Smith sold 58,500 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $1.15, for a total value of $67,275.00. Following the completion of the transaction, the chief executive officer now owns 1,585,762 shares of the company’s stock, valued at approximately $1,823,626.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
About Deep Down
Deep Down, Inc is engaged in the oilfield services industry. The Company operates through Deep Down Delaware segment. The Company is a provider of specialized services to the offshore energy industry to support deep water and ultra-deep water exploration, development and production of oil and gas, and other maritime operations.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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