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

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

Enservco Trading Down 7.6 %

Shares of ENSV opened at $0.15 on Thursday. The company has a fifty day moving average price of $0.14. The stock has a market capitalization of $4.01 million, a P/E ratio of -0.47 and a beta of 1.08. 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 twelve month low of $0.10 and a twelve month high of $0.50.

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

Institutional Investors Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new position in Enservco Corp (NYSE:ENSV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 currently owned by institutional investors.

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.