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

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

Enservco Price Performance

Shares of Enservco stock opened at $0.13 on Tuesday. Enservco has a 52-week low of $0.11 and a 52-week high of $0.50. 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 business’s 50-day moving average price is $0.16. The firm has a market capitalization of $3.57 million, a price-to-earnings ratio of -0.42 and a beta of 1.08.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new position in shares of Enservco Corp (NYSE:ENSV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

About Enservco

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.