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

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

Enservco Stock Down 4.7 %

Shares of ENSV opened at $0.05 on Friday. The company has a market capitalization of $3.05 million, a P/E ratio of -0.21 and a beta of 0.86. The firm’s 50 day moving average price is $0.09. Enservco has a twelve month low of $0.03 and a twelve month high of $0.38. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.42.

Hedge Funds Weigh In On Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. acquired a new position in Enservco Corp (NYSE:ENSV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 reporting period. 25.58% of the stock is currently owned by institutional investors.

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.