Enservco (NYSE:ENSV) Receives New Coverage from Analysts at StockNews.com

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

Enservco Price Performance

Shares of ENSV stock opened at $0.15 on Friday. The stock’s fifty day simple moving average is $0.14. 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 1-year low of $0.10 and a 1-year high of $0.50. The stock has a market cap of $4.15 million, a P/E ratio of -0.48 and a beta of 1.08.

Enservco (NYSE:ENSV) last released its earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $3.76 million for the quarter. Enservco had a negative return on equity of 1,040.29% and a negative net margin of 28.49%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new position in shares of Enservco Corp (NYSE:ENSV) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 SEC filing. Hedge funds and other 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.