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

StockNews.com initiated coverage on shares of Enservco (NYSE:ENSV) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the stock.

Enservco Trading Down 2.3 %

Shares of NYSE:ENSV opened at $0.03 on Friday. The business’s 50 day moving average price is $0.04 and its 200-day moving average price is $0.07. Enservco has a 1 year low of $0.02 and a 1 year high of $0.38. The firm has a market capitalization of $1.76 million, a price-to-earnings ratio of -0.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.57.

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.