Enservco (NYSE:ENSV) Coverage Initiated at StockNews.com

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

Enservco Stock Performance

Shares of Enservco stock opened at $0.03 on Friday. Enservco has a 12 month low of $0.02 and a 12 month high of $0.38. The firm has a market capitalization of $1.75 million, a P/E ratio of -0.18 and a beta of 0.84. 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 business has a fifty day simple moving average of $0.04 and a two-hundred day simple moving average of $0.07.

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.