Enservco (NYSE:ENSV) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Enservco (NYSE:ENSV) in a research note published on Tuesday. The firm issued a sell rating on the stock.

Enservco Stock Down 5.9 %

Shares of ENSV opened at $0.04 on Tuesday. The company has a 50 day moving average price of $0.07. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. Enservco has a twelve month low of $0.03 and a twelve month high of $0.38. The firm has a market capitalization of $2.58 million, a P/E ratio of -0.18 and a beta of 0.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new position in shares of Enservco Corp (NYSE:ENSV) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 & Exchange Commission. Hedge funds and other institutional investors own 25.58% of the company’s stock.

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.