Enservco (NYSE:ENSV) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Enservco (NYSE:ENSV) in a research report sent to investors on Wednesday. The firm issued a sell rating on the stock.

Enservco Price Performance

Shares of NYSE:ENSV opened at $0.05 on Wednesday. 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 company has a market cap of $3.15 million, a price-to-earnings ratio of -0.20 and a beta of 1.08. Enservco has a 12 month low of $0.03 and a 12 month high of $0.38. The stock’s 50-day moving average is $0.12.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. bought a new position in shares of Enservco Corp (NYSE:ENSV) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

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.