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

StockNews.com started coverage on shares of Enservco (NYSE:ENSV) in a report issued on Wednesday. The firm set a “sell” rating on the stock.

Enservco Stock Performance

Shares of NYSE:ENSV opened at $0.05 on Wednesday. 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 stock has a market cap of $3.08 million, a P/E ratio of -0.22 and a beta of 1.08. Enservco has a 52 week low of $0.04 and a 52 week high of $0.38. The company has a 50 day moving average price of $0.12.

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 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 SEC filing. 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.