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

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

Enservco Stock Performance

ENSV stock opened at $0.06 on Tuesday. 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’s 50 day simple moving average is $0.12. Enservco has a 52-week low of $0.04 and a 52-week high of $0.38. The stock has a market capitalization of $3.67 million, a price-to-earnings ratio of -0.25 and a beta of 1.08.

Enservco (NYSE:ENSV) last announced its earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share 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 Inflows and Outflows

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. bought a new stake in shares of Enservco Corp (NYSE:ENSV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 reporting period. 25.58% of the stock is currently owned by institutional investors.

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.