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

Research analysts at StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG) in a research note issued to investors on Saturday. The brokerage set a “sell” rating on the construction company’s stock.

ENGlobal Trading Up 1.5 %

NASDAQ:ENG opened at $1.65 on Friday. ENGlobal has a 12 month low of $1.01 and a 12 month high of $4.56. The firm’s 50 day moving average is $1.71 and its 200 day moving average is $1.86. The stock has a market capitalization of $8.54 million, a PE ratio of -0.34 and a beta of 1.47.

Institutional Investors Weigh In On ENGlobal

Several large investors have recently added to or reduced their stakes in ENG. Renaissance Technologies LLC purchased a new position in ENGlobal in the 4th quarter valued at approximately $33,000. State Street Corp boosted its holdings in shares of ENGlobal by 36.9% in the second quarter. State Street Corp now owns 76,019 shares of the construction company’s stock worth $72,000 after acquiring an additional 20,500 shares during the period. Citadel Advisors LLC grew its position in shares of ENGlobal by 31.7% in the second quarter. Citadel Advisors LLC now owns 257,861 shares of the construction company’s stock valued at $97,000 after purchasing an additional 62,089 shares in the last quarter. Vanguard Group Inc. raised its stake 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 purchasing an additional 70,886 shares during the period. Finally, Armistice Capital LLC purchased a new stake in ENGlobal during the 1st quarter worth about $1,064,000. Hedge funds and other institutional investors own 5.67% of the company’s stock.

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