StockNews.com started coverage on shares of ENGlobal (NASDAQ:ENG – Free Report) in a research note published on Wednesday morning. The brokerage issued a sell rating on the construction company’s stock.
ENGlobal Price Performance
Shares of ENG opened at $1.20 on Wednesday. The company’s 50-day moving average is $1.52 and its 200-day moving average is $1.61. ENGlobal has a fifty-two week low of $1.01 and a fifty-two week high of $2.86.
ENGlobal (NASDAQ:ENG – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The construction company reported ($0.23) earnings per share for the quarter. ENGlobal had a negative net margin of 24.63% and a negative return on equity of 9,826.93%. The company had revenue of $6.14 million during 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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