ENGlobal (NASDAQ:ENG) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG – Get Rating) in a research note issued on Saturday. The brokerage set a “sell” rating on the construction company’s stock.

ENGlobal Price Performance

ENG opened at $0.73 on Friday. The stock has a market cap of $29.03 million, a PE ratio of -2.21 and a beta of 1.93. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.35. ENGlobal has a 52 week low of $0.69 and a 52 week high of $2.53. The business’s fifty day simple moving average is $0.82 and its 200 day simple moving average is $1.05.

Institutional Trading of ENGlobal

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in ENGlobal in the fourth quarter worth about $33,000. Vanguard Group Inc. grew its position in ENGlobal by 11.0% in the 3rd quarter. Vanguard Group Inc. now owns 712,666 shares of the construction company’s stock worth $898,000 after purchasing an additional 70,886 shares during the period. Virtu Financial LLC bought a new stake in ENGlobal in the 3rd quarter worth approximately $37,000. Finally, State Street Corp grew its position in ENGlobal by 36.9% in the 2nd quarter. State Street Corp now owns 76,019 shares of the construction company’s stock worth $72,000 after purchasing an additional 20,500 shares during the period. 8.40% of the stock is owned by institutional investors.

About ENGlobal

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ENGlobal Corp. engages in the provision of engineered modular solutions to the energy industry. It operates through the following segments: Commercial, Government, and Others. The Government segment include services related to the engineering, design, installation, and maintenance of automated fuel handling and tank gauging systems for the U.S.