Enservco (NYSE:ENSV) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Enservco (NYSE:ENSVFree Report) in a report issued on Monday morning. The firm issued a sell rating on the stock.

Enservco Stock Down 3.3 %

Shares of Enservco stock opened at $0.06 on Monday. 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 firm has a fifty day simple moving average of $0.08. Enservco has a 52 week low of $0.03 and a 52 week high of $0.38. The company has a market cap of $3.20 million, a P/E ratio of -0.22 and a beta of 0.85.

Hedge Funds Weigh In On Enservco

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

About Enservco

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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.

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