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

StockNews.com started coverage on shares of Enservco (NYSE:ENSV) in a report released on Sunday. The firm issued a sell rating on the stock.

Enservco Stock Performance

Shares of NYSE:ENSV opened at $0.14 on Friday. The stock’s 50 day moving average is $0.13. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. Enservco has a one year low of $0.10 and a one year high of $0.42. The stock has a market capitalization of $6.54 million, a price-to-earnings ratio of -0.60 and a beta of 1.08.

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

Institutional Investors Weigh In On 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 filing with the Securities & Exchange Commission. The fund bought 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 reporting period. 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.