Enservco (NYSE:ENSV) Receives New Coverage from Analysts at StockNews.com

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

Enservco Trading Up 5.1 %

Shares of NYSE ENSV opened at $0.12 on Wednesday. Enservco has a twelve month low of $0.10 and a twelve month high of $0.50. 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 50-day simple moving average of $0.15. The firm has a market cap of $5.32 million, a P/E ratio of -0.37 and a beta of 1.08.

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

Hedge Funds Weigh In On Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. purchased a new position in Enservco Corp (NYSE:ENSV) during the second quarter, according to the company in its most recent Form 13F filing with the 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. 25.58% of the stock is currently owned by institutional investors and hedge funds.

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.