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

Analysts at StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG) in a research note issued on Wednesday. The brokerage set a “sell” rating on the construction company’s stock.

ENGlobal Stock Performance

Shares of ENG opened at $1.08 on Wednesday. ENGlobal has a fifty-two week low of $1.01 and a fifty-two week high of $2.30. The firm’s 50-day simple moving average is $1.24 and its two-hundred day simple moving average is $1.36.

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.