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

StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the stock.

Enservco Price Performance

Shares of ENSV stock opened at $0.06 on Friday. Enservco has a 1-year low of $0.03 and a 1-year high of $0.38. The stock’s fifty day simple moving average is $0.10. 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 $3.64 million, a P/E ratio of -0.25 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.

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.