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

StockNews.com assumed coverage on shares of Enservco (NYSE:ENSV) in a research report sent to investors on Sunday morning. The brokerage issued a sell rating on the stock.

Enservco Stock Performance

Shares of NYSE:ENSV opened at $0.12 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $5.52 million, a PE ratio of -0.39 and a beta of 1.18. Enservco has a twelve month low of $0.11 and a twelve month high of $0.50.

Institutional Trading of Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new position in Enservco Corp (NYSE:ENSV) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC. Institutional investors and hedge funds own 25.58% of the company’s stock.

Enservco Company Profile

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.