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

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

ENGlobal Price Performance

Shares of ENGlobal stock opened at $1.08 on Monday. The company’s fifty day moving average is $1.29 and its two-hundred day moving average is $1.40. ENGlobal has a 1 year low of $1.01 and a 1 year 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.