Enservco (NYSE:ENSV) Earns Sell Rating from Analysts at StockNews.com

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

Enservco Price Performance

Shares of ENSV stock opened at $0.05 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.99. Enservco has a fifty-two week low of $0.03 and a fifty-two week high of $0.38. The business has a 50-day moving average price of $0.11. The firm has a market cap of $2.91 million, a price-to-earnings ratio of -0.20 and a beta of 1.08.

Institutional Trading of Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. purchased a new position in shares of Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent 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 approximately 2.96% of Enservco as of its most recent filing with the SEC. Institutional investors own 25.58% of the company’s stock.

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.