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

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

Enservco Stock Performance

Shares of NYSE ENSV opened at $0.06 on Wednesday. Enservco has a 1 year low of $0.04 and a 1 year high of $0.38. The company has a 50-day simple moving average of $0.12. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.49 million, a price-to-earnings ratio of -0.24 and a beta of 1.08.

Institutional Trading of 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 second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned 2.96% of Enservco as of its most recent SEC filing. 25.58% of the stock is owned by institutional investors and hedge funds.

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.