Research analysts at StockNews.com assumed coverage on shares of ENGlobal (NASDAQ:ENG – Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the construction company’s stock.
ENGlobal Price Performance
Shares of NASDAQ ENG opened at $1.70 on Wednesday. ENGlobal has a 52-week low of $1.01 and a 52-week high of $4.56. The business has a 50-day moving average price of $1.70 and a 200 day moving average price of $1.73.
ENGlobal (NASDAQ:ENG – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The construction company reported ($0.27) EPS for the quarter. The business had revenue of $6.53 million during the quarter. ENGlobal had a negative net margin of 31.57% and a negative return on equity of 9,826.93%.
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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