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

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

Enservco Price Performance

Shares of ENSV stock opened at $0.06 on Thursday. The stock’s 50 day simple moving average is $0.06. Enservco has a 1-year low of $0.03 and a 1-year high of $0.38. The firm has a market cap of $3.61 million, a P/E ratio of -0.36 and a beta of 0.83. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.

Institutional Trading of Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new position in shares of Enservco Corp (NYSE:ENSV) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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. Hedge funds and other 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.