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

StockNews.com began coverage on shares of Enservco (NYSE:ENSV) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

Enservco Stock Performance

Shares of Enservco stock opened at $0.13 on Wednesday. The stock has a 50-day moving average price of $0.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.99. Enservco has a fifty-two week low of $0.10 and a fifty-two week high of $0.50. The firm has a market capitalization of $5.95 million, a P/E ratio of -0.42 and a beta of 1.08.

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

Hedge Funds Weigh In On Enservco

A hedge fund recently bought a new stake in Enservco stock. AlTi Global Inc. bought a new stake in Enservco Corp (NYSE:ENSV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 816,792 shares of the company’s stock, valued at approximately $188,000. AlTi Global Inc. owned approximately 2.96% of Enservco at the end of the most recent reporting period. Institutional investors and hedge funds 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.