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

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

Enservco Price Performance

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

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

Hedge Funds Weigh In On Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. purchased a new stake in Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 (SEC). 25.58% of the stock is owned by hedge funds and other institutional investors.

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.