Enservco (NYSE:ENSV) Now Covered by StockNews.com

StockNews.com began coverage on shares of Enservco (NYSE:ENSV) in a research report report published on Wednesday. The firm issued a sell rating on the stock.

Enservco Stock Performance

Enservco stock opened at $0.13 on Wednesday. The company’s 50-day moving average price is $0.15. 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 $3.47 million, a P/E ratio of -0.40 and a beta of 1.08. Enservco has a fifty-two week low of $0.10 and a fifty-two week high of $0.50.

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

Institutional Investors Weigh In On Enservco

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 disclosure with the Securities and Exchange Commission (SEC). The firm bought 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned 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.