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

Stock analysts at StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV) in a research note issued on Tuesday. The firm set a “sell” rating on the stock.

Enservco Price Performance

Shares of NYSE ENSV opened at $0.04 on Tuesday. The company has a market capitalization of $2.50 million, a PE ratio of -0.17 and a beta of 0.83. 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 one year low of $0.03 and a one year high of $0.38. The company’s 50 day simple moving average is $0.07.

Institutional Investors Weigh In On Enservco

An institutional investor recently bought a new position in Enservco stock. AlTi Global Inc. bought a new position in shares of Enservco Corp (NYSE:ENSV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned 2.96% of Enservco at the end of the most recent quarter. 25.58% of the stock is owned by institutional investors and hedge funds.

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.