ENGlobal (NASDAQ:ENG) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of ENGlobal (NASDAQ:ENG) in a report released on Monday. The firm issued a sell rating on the construction company’s stock.

ENGlobal Price Performance

Shares of NASDAQ:ENG opened at $1.64 on Monday. ENGlobal has a 1 year low of $1.01 and a 1 year high of $4.56. The firm has a market capitalization of $8.46 million, a PE ratio of -0.34 and a beta of 1.41. The business’s 50 day moving average price is $1.74 and its 200-day moving average price is $1.78.

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.