Investment analysts at StockNews.com began coverage on shares of ENGlobal (NASDAQ:ENG – Get Free Report) in a research report issued on Wednesday. The brokerage set a “sell” rating on the construction company’s stock.
ENGlobal Stock Performance
Shares of ENG stock opened at $1.21 on Wednesday. The company has a 50 day moving average of $1.53 and a 200-day moving average of $1.61. ENGlobal has a 12-month low of $1.01 and a 12-month high of $2.86.
ENGlobal (NASDAQ:ENG – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The construction company reported ($0.23) EPS for the quarter. ENGlobal had a negative net margin of 24.63% and a negative return on equity of 9,826.93%. The firm had revenue of $6.14 million for the quarter.
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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