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

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

Enservco Trading Down 7.9 %

Shares of ENSV stock opened at $0.11 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.99 and a quick ratio of 0.96. Enservco has a 1 year low of $0.11 and a 1 year high of $0.50. The business’s fifty day moving average is $0.16. The company has a market capitalization of $3.08 million, a price-to-earnings ratio of -0.36 and a beta of 1.08.

Enservco (NYSE:ENSV) last released its earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share 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 during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. acquired a new stake in Enservco Corp (NYSE:ENSV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 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 SEC. 25.58% of the stock is currently 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.