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

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

ENGlobal Stock Up 0.0 %

Shares of ENG opened at $1.34 on Friday. ENGlobal has a 12 month low of $1.01 and a 12 month high of $2.30. The firm’s 50 day moving average is $1.33 and its 200-day moving average is $1.44.

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.