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

by · The Cerbat Gem

StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV – Free Report) in a research report sent to investors on Sunday. The brokerage issued a sell rating on the stock.

Enservco Price Performance

NYSE ENSV opened at $0.15 on Friday. The business’s fifty day simple moving average is $0.13. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.42. Enservco has a fifty-two week low of $0.10 and a fifty-two week high of $0.43. The company has a market capitalization of $4.02 million, a PE ratio of -0.47 and a beta of 1.08.

Enservco (NYSE:ENSV – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $3.76 million during the quarter. Enservco had a negative net margin of 28.49% and a negative return on equity of 1,040.29%.

Institutional Trading of Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new stake in Enservco Corp (NYSE:ENSV – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 filing with the Securities and Exchange Commission. Institutional investors own 25.58% of the company’s stock.

About Enservco

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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.

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