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

Research analysts at StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV) in a report released on Thursday. The brokerage set a “sell” rating on the stock.

Enservco Price Performance

Shares of ENSV stock opened at $0.06 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.61 million, a price-to-earnings ratio of -0.36 and a beta of 0.83. The company’s 50 day simple moving average is $0.06. Enservco has a 52-week low of $0.03 and a 52-week high of $0.38.

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) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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. 25.58% of the stock is owned by 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.