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

StockNews.com started coverage on shares of Enservco (NYSE:ENSV) in a research note issued to investors on Sunday morning. The brokerage issued a sell rating on the stock.

Enservco Stock Performance

Shares of Enservco stock opened at $0.14 on Friday. The stock has a 50-day moving average price of $0.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.99. Enservco has a fifty-two week low of $0.10 and a fifty-two week high of $0.42. The firm has a market capitalization of $6.54 million, a P/E ratio of -0.60 and a beta of 1.08.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. acquired a new stake in Enservco Corp (NYSE:ENSV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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. 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.