Enservco (NYSE:ENSV) Coverage Initiated at StockNews.com

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

Enservco Price Performance

Shares of NYSE:ENSV opened at $0.11 on Tuesday. The company has a market capitalization of $3.08 million, a PE ratio of -0.36 and a beta of 1.08. The company has a fifty day moving average of $0.16. Enservco has a fifty-two week low of $0.11 and a fifty-two week 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.

Enservco (NYSE:ENSV) last announced its earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $3.76 million for the quarter. Enservco had a negative return on equity of 1,040.29% and a negative net margin of 28.49%.

Institutional Investors Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. acquired a new stake in Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned approximately 2.96% of Enservco at the end of the most recent quarter. 25.58% of the stock is owned by institutional investors and hedge funds.

Enservco Company Profile

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services.