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

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

ENGlobal Price Performance

Shares of ENG opened at $1.36 on Friday. The stock’s 50 day moving average is $1.33 and its two-hundred day moving average is $1.45. ENGlobal has a 12 month low of $1.01 and a 12 month high of $2.30.

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 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.