StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG – Free Report) in a research note issued to investors on Saturday. The firm issued a sell rating on the construction company’s stock.
ENGlobal Stock Performance
Shares of ENGlobal stock opened at $1.34 on Friday. ENGlobal has a 1 year low of $1.01 and a 1 year high of $2.80. The business has a 50 day moving average price of $1.42 and a 200 day moving average price of $1.55.
ENGlobal (NASDAQ:ENG – Get Free Report) last announced its earnings results 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 firm had revenue of $6.14 million during 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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