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

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

Enservco Stock Down 1.3 %

Shares of NYSE:ENSV opened at $0.15 on Friday. Enservco has a 52-week low of $0.10 and a 52-week high of $0.50. The stock has a market cap of $4.09 million, a PE ratio of -0.48 and a beta of 1.08. The company has a fifty day moving average of $0.14. 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 (NYSE:ENSV) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. Enservco had a negative net margin of 28.49% and a negative return on equity of 1,040.29%. The firm had revenue of $3.76 million during the quarter.

Institutional Investors Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new position in shares of Enservco Corp (NYSE:ENSV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter. 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.