Enservco (NYSE:ENSV) Now Covered by Analysts at StockNews.com

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

Enservco Stock Down 2.9 %

Shares of NYSE ENSV opened at $0.04 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $0.06. Enservco has a 52-week low of $0.03 and a 52-week high of $0.38. The stock has a market capitalization of $2.50 million, a price-to-earnings ratio of -0.17 and a beta of 0.83.

Institutional Trading of Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. bought 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 bought 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. 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.