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

StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG) in a research note published on Monday morning. The brokerage issued a sell rating on the construction company’s stock.

ENGlobal Price Performance

Shares of NASDAQ:ENG opened at $1.08 on Monday. ENGlobal has a 12-month low of $1.01 and a 12-month high of $2.30. The business has a 50 day moving average of $1.29 and a two-hundred day moving average of $1.40.

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.