Enservco (NYSE:ENSV) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV) in a report released on Saturday. The firm set a “sell” rating on the stock.

Enservco Price Performance

Enservco stock opened at $0.09 on Friday. The business’s fifty day simple moving average is $0.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.99 and a quick ratio of 0.96. The stock has a market capitalization of $5.27 million, a price-to-earnings ratio of -0.36 and a beta of 0.85. Enservco has a 52-week low of $0.03 and a 52-week high of $0.38.

Institutional Investors Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. acquired a new stake in Enservco Corp (NYSE:ENSV) in the second 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 2.96% of Enservco at the end of the most recent quarter. 25.58% of the stock is currently owned by hedge funds and other institutional investors.

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.