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

Equities research analysts at StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV) in a research report issued on Friday. The brokerage set a “sell” rating on the stock.

Enservco Stock Up 8.7 %

ENSV stock opened at $0.15 on Friday. Enservco has a 52 week low of $0.10 and a 52 week 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 stock’s 50-day moving average is $0.14. The stock has a market capitalization of $4.15 million, a PE ratio of -0.48 and a beta of 1.08.

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

Institutional Investors Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new stake in Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent disclosure 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 about 2.96% of Enservco as of its most recent filing with the Securities and Exchange Commission (SEC). 25.58% of the stock is currently owned by institutional investors and hedge funds.

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.