ENGlobal Co. (NASDAQ:ENG – Get Rating) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 573,200 shares, a decrease of 25.4% from the March 15th total of 768,600 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 589,500 shares, the days-to-cover ratio is presently 1.0 days.
Shares of ENGlobal stock traded up $0.01 during trading hours on Monday, reaching $1.19. 8,688 shares of the company’s stock were exchanged, compared to its average volume of 550,486. ENGlobal has a 1 year low of $0.75 and a 1 year high of $3.93. The company has a market capitalization of $41.92 million, a P/E ratio of -6.21 and a beta of 1.79. The business has a fifty day moving average of $1.29 and a two-hundred day moving average of $1.62. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.04.
Several institutional investors have recently added to or reduced their stakes in ENG. Goldman Sachs Group Inc. purchased a new stake in shares of ENGlobal in the fourth quarter valued at about $107,000. Virtu Financial LLC purchased a new stake in shares of ENGlobal in the fourth quarter valued at about $92,000. First National Trust Co purchased a new stake in shares of ENGlobal in the fourth quarter valued at about $28,000. Squarepoint Ops LLC purchased a new position in ENGlobal during the third quarter worth about $62,000. Finally, BlackRock Inc. boosted its stake in ENGlobal by 211.6% during the third quarter. BlackRock Inc. now owns 958,998 shares of the construction company’s stock worth $2,560,000 after buying an additional 651,265 shares during the period. 11.42% of the stock is owned by institutional investors and hedge funds.
ENGlobal Corp. engages in the provision of engineered modular solutions to the energy industry. It operates through the following segments: Engineering, Procurement, and Construction Management (EPCM), Automation, and Corporate. The EPCM segment offers services relating to the development, management, and execution of projects requiring professional engineering and related project services primarily to the energy industry throughout the United States.
- Get a free copy of the StockNews.com research report on ENGlobal (ENG)
- Banking On Bank Of America
- Major Shareholder Bets Big On Nielson Holdings plc
- Tapestry Stock is a Value Play Down Here
- Levi Straus Stock Ready to Buy the Dip
- Bed Bath & Beyond Stock Ready to Scale Into
Receive News & Ratings for ENGlobal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENGlobal and related companies with MarketBeat.com's FREE daily email newsletter.