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

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

Enservco Stock Down 3.3 %

Enservco stock opened at $0.06 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.99. The stock has a market capitalization of $3.20 million, a price-to-earnings ratio of -0.22 and a beta of 0.85. The business’s fifty day moving average is $0.08. Enservco has a twelve month low of $0.03 and a twelve month high of $0.38.

Hedge Funds Weigh In On Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. acquired a new position in Enservco Corp (NYSE:ENSV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned about 2.96% of Enservco as of its most recent SEC filing. 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.