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

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

Enservco Price Performance

Enservco stock opened at $0.04 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $0.05 and a 200 day moving average price of $0.09. Enservco has a 12-month low of $0.02 and a 12-month high of $0.38. The stock has a market cap of $2.36 million, a P/E ratio of -0.24 and a beta of 0.79.

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.