Enservco (NYSE:ENSV) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Enservco (NYSE:ENSV) in a report issued on Monday morning. The brokerage issued a sell rating on the stock.

Enservco Stock Performance

NYSE:ENSV opened at $0.06 on Monday. The stock’s 50-day simple moving average is $0.13. The company has a market cap of $2.66 million, a P/E ratio of -0.23 and a beta of 1.08. Enservco has a 52 week low of $0.04 and a 52 week 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.

Enservco (NYSE:ENSV) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. Enservco had a negative net margin of 28.49% and a negative return on equity of 1,040.29%. 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. acquired a new position in shares of Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing. Hedge funds and other 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.