StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG – Free Report) in a report released on Thursday morning. The brokerage issued a sell rating on the construction company’s stock.
ENGlobal Price Performance
ENG stock opened at $1.93 on Thursday. ENGlobal has a twelve month low of $1.01 and a twelve month high of $3.15. The business’s fifty day moving average is $1.53 and its 200-day moving average is $1.60.
ENGlobal (NASDAQ:ENG – Get Free Report) last released its earnings results on Thursday, May 9th. The construction company reported ($0.27) earnings per share for the quarter. The company 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%.
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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