Deep Down Inc. (OTCMKTS:DPDW) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Shares of Deep Down (OTCMKTS:DPDW) remained flat at $0.97 during mid-day trading on Friday. 5,538 shares of the company’s stock were exchanged. Deep Down has a 52 week low of $0.75 and a 52 week high of $1.45. The stock has a market cap of $14.70 million, a PE ratio of 8.82 and a beta of -0.08. The company’s 50-day moving average price is $0.99 and its 200 day moving average price is $1.07.

Deep Down (OTCMKTS:DPDW) last posted its quarterly earnings data on Monday, August 14th. The energy company reported $0.03 earnings per share for the quarter. The company had revenue of $5.38 million during the quarter. Deep Down had a net margin of 6.51% and a return on equity of 7.27%.

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Deep Down Company Profile

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.

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