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

StockNews.com started coverage on shares of Enservco (NYSE:ENSV) in a research report released on Monday. The brokerage issued a sell rating on the stock.

Enservco Stock Performance

NYSE:ENSV opened at $0.07 on Monday. Enservco has a one year low of $0.04 and a one year high of $0.38. The business has a fifty day moving average of $0.13. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.42.

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

Institutional Trading of Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. purchased a new position in Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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. 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.