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

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

Enservco Stock Performance

NYSE ENSV opened at $0.05 on Tuesday. Enservco has a twelve month low of $0.03 and a twelve month high of $0.38. The company has a market capitalization of $2.74 million, a PE ratio of -0.19 and a beta of 0.83. The company has a 50-day moving average of $0.07. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. acquired a new stake in shares of Enservco Corp (NYSE:ENSV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned approximately 2.96% of Enservco at the end of the most recent quarter. Hedge funds and other 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.