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

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

Enservco Stock Up 4.5 %

ENSV stock opened at $0.03 on Wednesday. The stock has a market cap of $1.89 million, a P/E ratio of -0.19 and a beta of 0.83. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $0.06. Enservco has a 52-week low of $0.03 and a 52-week high of $0.38.

Institutional Investors 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 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 SEC filing. Hedge funds and other institutional investors own 25.58% of the company’s stock.

Enservco Company Profile

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.