Insider Selling: Enservco Corp CEO Unloads 100,000 Shares of Stock (ENSV)
Enservco Corp (NASDAQ:ENSV) CEO Michael Herman unloaded 100,000 shares of the company’s stock on the open market in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $1.25, for a total transaction of $125,000.00. Following the transaction, the chief executive officer now directly owns 5,507,707 shares in the company, valued at approximately $6,884,634. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Enservco Corp (NASDAQ:ENSV) traded down 7.70% during mid-day trading on Thursday, hitting $1.283. 50,192 shares of the company’s stock traded hands. Enservco Corp has a 1-year low of $0.32 and a 1-year high of $1.65. The stock’s 50-day moving average is $1.48 and its 200-day moving average is $1.21. The company has a market cap of $41.4 million and a P/E ratio of 10.00.
Enservco Corp (NASDAQ:ENSV) last released its earnings data on Tuesday, August 13th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.02. Analysts expect that Enservco Corp will post $0.10 EPS for the current fiscal year.
Enservco Corporation primarily conducts its business operations through two subsidiaries, Dillco Fluid Service, Inc (NASDAQ:ENSV), and Heat Waves Hot Oil Services LLC (Heat Waves), which provides oil field services to the domestic onshore oil and natural gas industry.
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