StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG – Free Report) in a research report sent to investors on Wednesday. The firm issued a sell rating on the construction company’s stock.
ENGlobal Stock Performance
Shares of ENG stock remained flat at $1.29 on Wednesday. 17,508 shares of the stock traded hands, compared to its average volume of 15,696. The business has a 50-day simple moving average of $1.32 and a 200 day simple moving average 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 posted its quarterly 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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