StockNews.com Initiates Coverage on Enservco (NYSE:ENSV)

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

Enservco Stock Performance

NYSE ENSV opened at $0.06 on Monday. The company has a market capitalization of $2.66 million, a price-to-earnings ratio of -0.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.99 and a quick ratio of 0.96. The stock’s fifty day moving average price is $0.13. Enservco has a 1 year low of $0.04 and a 1 year high of $0.38.

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

Institutional Investors Weigh In On Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. purchased a new stake in Enservco Corp (NYSE:ENSV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. Hedge funds and other institutional investors 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.