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

Analysts at StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV) in a research note issued on Saturday. The firm set a “sell” rating on the stock.

Enservco Price Performance

ENSV opened at $0.09 on Friday. The company has a fifty day moving average price of $0.10. Enservco has a 1 year low of $0.03 and a 1 year high of $0.38. The firm has a market cap of $5.27 million, a PE ratio of -0.36 and a beta of 0.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.99.

Institutional Trading of Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. bought a new position in shares of Enservco Corp (NYSE:ENSV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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. 25.58% of the stock is currently owned by hedge funds and other institutional investors.

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.