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

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

Enservco Price Performance

ENSV opened at $0.15 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.99. Enservco has a 52 week low of $0.10 and a 52 week high of $0.46. The stock’s 50 day moving average price is $0.14. The firm has a market capitalization of $4.03 million, a price-to-earnings ratio of -0.47 and a beta of 1.08.

Enservco (NYSE:ENSV) last announced its earnings results on Wednesday, August 14th. The company reported ($0.08) EPS for the quarter. The business 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%.

Hedge Funds Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. acquired a new position in shares of Enservco Corp (NYSE:ENSV) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned 2.96% of Enservco at the end of the most recent quarter. 25.58% of the stock is currently owned by institutional investors and hedge funds.

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.