Enservco (NYSE:ENSV) Earns Sell Rating from Analysts at StockNews.com

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

Enservco Stock Performance

Shares of ENSV stock opened at $0.06 on Monday. 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 cap of $3.31 million, a price-to-earnings ratio of -0.23 and a beta of 0.85. The business has a 50 day moving average of $0.08. Enservco has a one year low of $0.03 and a one year high of $0.38.

Hedge Funds Weigh In On Enservco

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) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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.