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

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

Enservco Stock Performance

NYSE ENSV opened at $0.09 on Friday. 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 52-week low of $0.03 and a 52-week high of $0.38. The business’s 50 day simple moving average is $0.10. The company has a market cap of $5.27 million, a PE ratio of -0.36 and a beta of 0.85.

Institutional Investors 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 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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. Hedge funds and other institutional investors own 25.58% of the company’s stock.

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.