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

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

Enservco Stock Down 20.5 %

Shares of ENSV opened at $0.07 on Friday. The company has a 50 day moving average price of $0.09. 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 $4.07 million, a P/E ratio of -0.28 and a beta of 0.85.

Institutional Trading of Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new position in Enservco Corp (NYSE:ENSV) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.

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.