ENGlobal (NASDAQ:ENG) Now Covered by StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENGGet Free Report) in a report issued on Thursday. The firm set a “sell” rating on the construction company’s stock.

ENGlobal Price Performance

Shares of ENG stock opened at $1.73 on Thursday. The company’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $1.93. The firm has a market capitalization of $8.93 million, a P/E ratio of -0.35 and a beta of 1.47. ENGlobal has a 12 month low of $1.01 and a 12 month high of $4.56.

Institutional Investors Weigh In On ENGlobal

A number of institutional investors have recently modified their holdings of ENG. State Street Corp grew its position in shares of ENGlobal by 36.9% during the 2nd quarter. State Street Corp now owns 76,019 shares of the construction company’s stock valued at $72,000 after buying an additional 20,500 shares during the last quarter. Vanguard Group Inc. grew its position in shares of ENGlobal by 11.0% during the 3rd quarter. Vanguard Group Inc. now owns 712,666 shares of the construction company’s stock valued at $898,000 after buying an additional 70,886 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of ENGlobal during the 4th quarter valued at about $33,000. Armistice Capital LLC bought a new stake in shares of ENGlobal during the 1st quarter valued at about $1,064,000. Finally, Citadel Advisors LLC grew its position in shares of ENGlobal by 31.7% during the 2nd quarter. Citadel Advisors LLC now owns 257,861 shares of the construction company’s stock valued at $97,000 after buying an additional 62,089 shares during the last quarter. Institutional investors own 5.67% of the company’s stock.

About ENGlobal

(Get Free Report)

ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates through two ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally.

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