Stock analysts at StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG – Get Free Report) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the construction company’s stock.
ENGlobal Trading Down 4.5 %
Shares of ENGlobal stock opened at $1.26 on Friday. ENGlobal has a twelve month low of $1.01 and a twelve month high of $3.58. The business’s 50 day simple moving average is $1.61 and its 200-day simple moving average is $1.64.
ENGlobal (NASDAQ:ENG – Get Free Report) last issued its earnings results on Thursday, May 9th. The construction company reported ($0.27) earnings per share for the quarter. The company had revenue of $6.53 million during the quarter. ENGlobal had a negative return on equity of 9,826.93% and a negative net margin of 31.57%.
ENGlobal Company Profile
ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates in two segments, Commercial and Government Services. The Commercial segment provides multi-disciplined engineering services and fabrication relating to the development, management, and execution of projects requiring professional engineering and related project management services.
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