Enservco (NYSE:ENSV) Research Coverage Started at StockNews.com

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

Enservco Price Performance

NYSE ENSV remained flat at $0.06 during trading on Tuesday. 15,862 shares of the company’s stock traded hands, compared to its average volume of 606,515. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. Enservco has a twelve month low of $0.04 and a twelve month high of $0.38. The firm has a 50-day simple moving average of $0.12.

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

Hedge Funds Weigh In On Enservco

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

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.