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

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

Enservco Price Performance

NYSE ENSV opened at $0.12 on Monday. Enservco has a 12 month low of $0.11 and a 12 month high of $0.50. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.35 million, a P/E ratio of -0.39 and a beta of 1.08. The company’s fifty day moving average is $0.17.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new position in Enservco Corp (NYSE:ENSV) during the second quarter, according to its most recent 13F filing 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 about 2.96% of Enservco as of its most recent filing with the Securities and Exchange Commission. 25.58% of the stock is owned by institutional investors.

About Enservco

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services.