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

Analysts at StockNews.com began coverage on shares of Enservco (NYSE:ENSV) in a research report issued on Sunday. The firm set a “sell” rating on the stock.

Enservco Trading Down 20.5 %

Shares of ENSV opened at $0.07 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.99. The firm has a market capitalization of $4.07 million, a price-to-earnings ratio of -0.28 and a beta of 0.85. The firm has a 50 day simple moving average of $0.09. Enservco has a 12 month low of $0.03 and a 12 month high of $0.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new position in shares of Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned approximately 2.96% of Enservco as of its most recent filing with the Securities & Exchange Commission. 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.