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

Equities research analysts at StockNews.com began coverage on shares of Enservco (NYSE:ENSV) in a research report issued on Tuesday. The firm set a “sell” rating on the stock.

Enservco Stock Down 0.8 %

Shares of Enservco stock opened at $0.05 on Tuesday. The firm has a market cap of $2.74 million, a PE ratio of -0.19 and a beta of 0.83. Enservco has a 12-month low of $0.03 and a 12-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. The stock’s 50-day moving average price is $0.07.

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 second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned approximately 2.96% of Enservco as of its most recent filing with the Securities and Exchange Commission (SEC). 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.