StockNews.com Initiates Coverage on ENGlobal (NASDAQ:ENG)

StockNews.com assumed coverage on shares of ENGlobal (NASDAQ:ENGFree Report) in a research report report published on Sunday morning. The firm issued a sell rating on the construction company’s stock.

ENGlobal Price Performance

Shares of ENGlobal stock opened at $1.35 on Friday. ENGlobal has a twelve month low of $1.01 and a twelve month high of $3.58. The firm’s 50-day moving average price is $1.59 and its 200 day moving average price is $1.63.

ENGlobal (NASDAQ:ENGGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The construction company reported ($0.27) earnings per share for the quarter. ENGlobal had a negative net margin of 31.57% and a negative return on equity of 9,826.93%. The company had revenue of $6.53 million during the quarter.

ENGlobal Company Profile

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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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