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

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

Enservco Price Performance

Enservco stock opened at $0.13 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.48 million, a P/E ratio of -0.41 and a beta of 1.08. The company’s 50-day moving average price is $0.16. Enservco has a 52-week low of $0.11 and a 52-week high of $0.50.

Enservco (NYSE:ENSV) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share (EPS) 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 Investors Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. acquired a new position in Enservco Corp (NYSE:ENSV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned approximately 2.96% of Enservco as of its most recent SEC filing. 25.58% of the stock is owned by institutional investors and hedge funds.

Enservco Company Profile

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services.