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

Research analysts at StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.

Enservco Stock Performance

Shares of ENSV stock opened at $0.04 on Monday. The company has a market cap of $2.33 million, a price-to-earnings ratio of -0.24 and a beta of 0.79. The stock has a 50 day simple moving average of $0.05 and a 200-day simple moving average of $0.09. Enservco has a 12-month low of $0.02 and a 12-month high of $0.38. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.

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.