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

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

Enservco Price Performance

Shares of NYSE ENSV opened at $0.15 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.99 and a quick ratio of 0.96. The stock has a market cap of $6.83 million, a PE ratio of -0.60 and a beta of 1.08. Enservco has a one year low of $0.10 and a one year high of $0.41. The company’s fifty day moving average price is $0.13.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new position in Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 reporting period. Hedge funds and other 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.