Stock analysts at StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG – Get Free Report) in a research note issued to investors on Friday. The firm set a “sell” rating on the construction company’s stock.
ENGlobal Stock Performance
Shares of ENG opened at $1.23 on Friday. ENGlobal has a 12-month low of $1.01 and a 12-month high of $2.80. The company has a 50-day moving average of $1.49 and a two-hundred day moving average of $1.57.
ENGlobal (NASDAQ:ENG – Get Free Report) last posted its earnings results on Thursday, August 8th. The construction company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $6.14 million during the quarter. ENGlobal had a negative net margin of 24.63% and a negative return on equity of 9,826.93%.
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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