StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG – Get Free Report) in a research note issued on Saturday. The brokerage set a “sell” rating on the construction company’s stock.
ENGlobal Stock Performance
Shares of ENG opened at $1.32 on Friday. ENGlobal has a 12 month low of $1.01 and a 12 month high of $2.80. The stock’s 50-day moving average is $1.43 and its two-hundred day moving average is $1.55.
ENGlobal (NASDAQ:ENG – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The construction company reported ($0.23) earnings per share (EPS) for the quarter. ENGlobal had a negative return on equity of 9,826.93% and a negative net margin of 24.63%. The firm had revenue of $6.14 million for the quarter.
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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