Enservco (NYSE:ENSV) Now Covered by StockNews.com

Equities researchers at StockNews.com began coverage on shares of Enservco (NYSE:ENSV) in a report released on Wednesday. The brokerage set a “sell” rating on the stock.

Enservco Trading Up 11.9 %

NYSE ENSV opened at $0.13 on Wednesday. Enservco has a 12-month low of $0.10 and a 12-month high of $0.50. The business has a fifty day moving average of $0.15. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $5.95 million, a PE ratio of -0.42 and a beta of 1.08.

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

Institutional Trading of Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new position in Enservco Corp (NYSE:ENSV) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned about 2.96% of Enservco as of its most recent SEC filing. Institutional investors and hedge funds own 25.58% of the company’s stock.

About Enservco

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.