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

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

Enservco Stock Performance

NYSE ENSV opened at $0.15 on Thursday. Enservco has a twelve month low of $0.10 and a twelve month high of $0.50. The company has a market capitalization of $4.20 million, a PE ratio of -0.49 and a beta of 1.08. The company has a 50-day moving average of $0.15. 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 (NYSE:ENSV) last announced 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 business had revenue of $3.76 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 Form 13F filing with the Securities and Exchange Commission. The fund purchased 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned 2.96% of Enservco as of its most recent SEC filing. 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.