AlTi Global Inc. Invests $188,000 in Enservco Corp (NYSE:ENSV)

AlTi Global Inc. bought a new position in shares of Enservco Corp (NYSE:ENSV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned 2.96% of Enservco at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Enservco in a report on Wednesday. They issued a “sell” rating on the stock.

Enservco Stock Performance

NYSE:ENSV opened at $0.13 on Friday. Enservco Corp has a 52 week low of $0.10 and a 52 week high of $0.50. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. The business’s 50-day simple moving average is $0.15. The company has a market capitalization of $5.95 million, a price-to-earnings ratio of -0.42 and a beta of 1.08.

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

Enservco Profile

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.