StockNews.com Begins Coverage on Enservco (NYSE:ENSV)

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

Enservco Stock Up 0.7 %

Shares of Enservco stock opened at $0.09 on Friday. Enservco has a 12-month low of $0.03 and a 12-month high of $0.38. The company has a market capitalization of $5.27 million, a PE ratio of -0.36 and a beta of 0.85. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $0.10.

Institutional Trading of Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new stake in Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned 2.96% of Enservco as of its most recent filing with the Securities and Exchange Commission. 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.