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

Stock analysts at StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the stock.

Enservco Price Performance

NYSE ENSV opened at $0.03 on Wednesday. The company has a market cap of $1.81 million, a price-to-earnings ratio of -0.18 and a beta of 0.83. Enservco has a 52 week low of $0.03 and a 52 week high of $0.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.59. The stock’s 50 day moving average price is $0.06.

Institutional Trading of Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new position in Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 and Exchange Commission (SEC). 25.58% of the stock is currently owned by hedge funds and other institutional investors.

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.