StockNews.com Initiates Coverage on Enservco (NYSE:ENSV)

Investment analysts at StockNews.com began coverage on shares of Enservco (NYSE:ENSV) in a research note issued on Wednesday. The brokerage set a “sell” rating on the stock.

Enservco Stock Performance

Shares of NYSE:ENSV opened at $0.03 on Wednesday. The company has a 50 day moving average price of $0.06. The stock has a market cap of $1.98 million, a P/E ratio of -0.14 and a beta of 0.83. Enservco has a 52 week low of $0.03 and a 52 week high of $0.38. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42.

Institutional Trading of Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. acquired a new stake in shares of Enservco Corp (NYSE:ENSV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned about 2.96% of Enservco at the end of the most recent quarter. 25.58% of the stock is currently owned by hedge funds and other institutional investors.

Enservco Company 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.