Enservco (NYSE:ENSV) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Enservco (NYSE:ENSV) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the stock.

Enservco Stock Performance

NYSE:ENSV opened at $0.11 on Wednesday. The firm has a 50-day simple moving average of $0.16. Enservco has a one year low of $0.10 and a one year high of $0.50. The company has a market cap of $3.05 million, a price-to-earnings ratio of -0.36 and a beta of 1.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.99.

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

Institutional Trading of Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. acquired a new stake in shares of Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor 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. 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.