StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG – Free Report) in a research note published on Wednesday morning. The firm issued a sell rating on the construction company’s stock.
ENGlobal Stock Performance
Shares of NASDAQ ENG opened at $1.64 on Wednesday. The firm has a fifty day simple moving average of $1.52 and a two-hundred day simple moving average of $1.60. ENGlobal has a 12 month low of $1.01 and a 12 month high of $3.38.
ENGlobal (NASDAQ:ENG – Get Free Report) last released its earnings results on Thursday, May 9th. The construction company reported ($0.27) earnings per share for the quarter. The business had revenue of $6.53 million during the quarter. ENGlobal had a negative return on equity of 9,826.93% and a negative net margin of 31.57%.
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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