StockNews.com assumed coverage on shares of ENGlobal (NASDAQ:ENG – Free Report) in a research note issued to investors on Tuesday. The brokerage issued a sell rating on the construction company’s stock.
ENGlobal Price Performance
NASDAQ:ENG opened at $1.25 on Tuesday. ENGlobal has a 52-week low of $1.01 and a 52-week high of $2.86. The stock has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.62.
ENGlobal (NASDAQ:ENG – Get Free Report) last announced its earnings results on Thursday, August 8th. The construction company reported ($0.23) earnings per share (EPS) for the quarter. ENGlobal had a negative return on equity of 9,826.93% and a negative net margin of 24.63%. The business had revenue of $6.14 million for the quarter.
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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