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

StockNews.com initiated coverage on shares of Enservco (NYSE:ENSV) in a report issued on Thursday. The brokerage issued a sell rating on the stock.

Enservco Price Performance

ENSV stock opened at $0.06 on Thursday. The stock has a market cap of $3.61 million, a P/E ratio of -0.36 and a beta of 0.83. Enservco has a 12 month low of $0.03 and a 12 month high of $0.38. The company has a fifty day simple moving average of $0.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.57.

Institutional Investors Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new position in shares of Enservco Corp (NYSE:ENSV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 SEC filing. Hedge funds and other institutional investors 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.