StockNews.com Initiates Coverage on ENGlobal (NASDAQ:ENG)

Analysts at StockNews.com started coverage on shares of ENGlobal (NASDAQ:ENG) in a report released on Sunday. The firm set a “sell” rating on the construction company’s stock.

ENGlobal Stock Up 3.1 %

Shares of ENGlobal stock opened at $1.68 on Friday. ENGlobal has a 52 week low of $1.01 and a 52 week high of $4.56. The firm’s 50 day moving average is $1.75 and its two-hundred day moving average is $1.82. The firm has a market capitalization of $8.67 million, a P/E ratio of -0.34 and a beta of 1.47.

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.