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

Equities researchers at StockNews.com started coverage on shares of ENGlobal (NASDAQ:ENG) in a report issued on Thursday. The brokerage set a “sell” rating on the construction company’s stock.

ENGlobal Price Performance

ENG stock opened at $1.27 on Thursday. The stock has a 50-day moving average price of $1.32 and a two-hundred day moving average price of $1.47. ENGlobal has a 12-month low of $1.01 and a 12-month high of $2.36.

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.