Equities researchers at StockNews.com began coverage on shares of ENGlobal (NASDAQ:ENG – Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the construction company’s stock.
ENGlobal Stock Down 3.7 %
NASDAQ:ENG opened at $1.30 on Wednesday. ENGlobal has a twelve month low of $1.01 and a twelve month high of $2.40. The stock’s 50 day moving average price is $1.32 and its two-hundred day moving average price is $1.48.
ENGlobal (NASDAQ:ENG – Get Free Report) last issued its earnings results on Thursday, August 8th. The construction company reported ($0.23) 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.
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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