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

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

Enservco Price Performance

Shares of NYSE ENSV opened at $0.13 on Wednesday. The stock’s fifty day moving average is $0.15. Enservco has a 1-year low of $0.10 and a 1-year high of $0.50. 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 stock has a market cap of $3.47 million, a PE ratio of -0.40 and a beta of 1.08.

Enservco (NYSE:ENSV) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share 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 Trading of Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. purchased a new stake in Enservco Corp (NYSE:ENSV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned about 2.96% of Enservco as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.