Enservco (NYSE:ENSV) Research Coverage Started at StockNews.com

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

Enservco Stock Performance

Shares of NYSE ENSV opened at $0.10 on Tuesday. The company has a market cap of $2.88 million, a PE ratio of -0.34 and a beta of 1.08. The firm has a 50 day moving average price of $0.16. 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 52 week low of $0.10 and a 52 week high of $0.50.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new stake in shares of Enservco Corp (NYSE:ENSV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned about 2.96% of Enservco as of its most recent SEC filing. 25.58% of the stock is currently owned by institutional investors.

About Enservco

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services.