Analysts at StockNews.com began coverage on shares of ENGlobal (NASDAQ:ENG – Get Free Report) in a report released on Wednesday. The brokerage set a “sell” rating on the construction company’s stock.
ENGlobal Stock Performance
ENG stock opened at $1.33 on Wednesday. The company has a 50 day moving average price of $1.33 and a 200 day moving average price of $1.48. ENGlobal has a fifty-two week low of $1.01 and a fifty-two week high of $2.40.
ENGlobal (NASDAQ:ENG – Get Free Report) last released its earnings results on Thursday, August 8th. The construction company reported ($0.23) earnings per share 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.
About ENGlobal
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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