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

Equities researchers at StockNews.com began coverage on shares of Enservco (NYSE:ENSV) in a research report issued on Sunday. The brokerage set a “sell” rating on the stock.

Enservco Trading Down 21.3 %

Shares of NYSE ENSV opened at $0.06 on Friday. The business’s 50 day moving average price is $0.09. The company has a market capitalization of $3.21 million, a price-to-earnings ratio of -0.22 and a beta of 0.85. Enservco has a 1-year low of $0.03 and a 1-year high of $0.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.99.

Hedge Funds Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new position in Enservco Corp (NYSE:ENSV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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 filing with the Securities and Exchange Commission. 25.58% of the stock is currently 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.