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

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

Enservco Price Performance

Shares of NYSE:ENSV opened at $0.15 on Friday. Enservco has a 52 week low of $0.10 and a 52 week high of $0.50. The firm has a 50-day moving average price of $0.14. The firm has a market capitalization of $6.78 million, a P/E ratio of -0.59 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 posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share 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 during the quarter.

Institutional Trading of Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new stake in Enservco Corp (NYSE:ENSV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned about 2.96% of Enservco as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 25.58% of the company’s stock.

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.