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

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

Enservco Stock Performance

Shares of Enservco stock opened at $0.05 on Wednesday. The company’s fifty day simple moving average is $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 $3.15 million, a PE ratio of -0.20 and a beta of 1.08. Enservco has a 52 week low of $0.03 and a 52 week high of $0.38.

Hedge Funds Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new stake in Enservco Corp (NYSE:ENSV) during the second quarter, according to its most recent filing with the SEC. The firm purchased 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 reporting period. 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.