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

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

Enservco Price Performance

Shares of NYSE ENSV opened at $0.05 on Thursday. Enservco has a 1-year low of $0.03 and a 1-year high of $0.38. The firm has a market capitalization of $3.03 million, a price-to-earnings ratio of -0.21 and a beta of 1.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.99 and a quick ratio of 0.96. The stock has a fifty day moving average of $0.11.

Institutional Investors Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. acquired a new position in Enservco Corp (NYSE:ENSV) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period. 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.