Enservco (NYSE:ENSV) Earns Sell Rating from Analysts at StockNews.com

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

Enservco Trading Down 2.9 %

NYSE ENSV opened at $0.04 on Tuesday. The firm has a market cap of $2.50 million, a PE ratio of -0.17 and a beta of 0.83. The business has a 50-day simple moving average of $0.06. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.42. Enservco has a twelve month low of $0.03 and a twelve month high of $0.38.

Hedge Funds Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. purchased a new stake in shares of Enservco Corp (NYSE:ENSV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned about 2.96% of Enservco at the end of the most recent quarter. 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.