Enservco (NYSE:ENSV) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Enservco (NYSE:ENSV) in a research report released on Saturday morning. The brokerage issued a sell rating on the stock.

Enservco Stock Performance

Shares of ENSV stock opened at $0.15 on Friday. The firm has a market capitalization of $4.03 million, a P/E ratio of -0.47 and a beta of 1.08. The stock’s fifty day moving average price is $0.14. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. Enservco has a 12 month low of $0.10 and a 12 month high of $0.46.

Enservco (NYSE:ENSV) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. Enservco had a negative return on equity of 1,040.29% and a negative net margin of 28.49%. The business had revenue of $3.76 million for the quarter.

Hedge Funds Weigh In On Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. bought a new stake in Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned approximately 2.96% of Enservco at the end of the most recent quarter. Institutional investors own 25.58% of the company’s stock.

About Enservco

Enservco Corporation, through its subsidiaries, provides hot oiling and acidizing, and frac water heating services to the onshore oil and natural gas industry. It also water hauling and well site construction services. The company owns and operates specialized trucks, trailers, frac tanks, and other well-site related equipment.