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

StockNews.com assumed coverage on shares of ENGlobal (NASDAQ:ENG) in a research report report published on Friday morning. The firm issued a sell rating on the construction company’s stock.

ENGlobal Trading Down 2.2 %

Shares of ENG opened at $1.78 on Friday. The stock has a 50-day moving average price of $1.66 and a 200-day moving average price of $1.90. ENGlobal has a 12-month low of $1.01 and a 12-month high of $4.56.

Institutional Trading of ENGlobal

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC bought a new stake in ENGlobal in the 4th quarter worth approximately $33,000. State Street Corp lifted its position in ENGlobal by 36.9% in the 2nd quarter. State Street Corp now owns 76,019 shares of the construction company’s stock worth $72,000 after buying an additional 20,500 shares during the last quarter. Citadel Advisors LLC lifted its position in ENGlobal by 31.7% in the 2nd quarter. Citadel Advisors LLC now owns 257,861 shares of the construction company’s stock worth $97,000 after buying an additional 62,089 shares during the last quarter. Vanguard Group Inc. lifted its position in ENGlobal by 11.0% in the 3rd quarter. Vanguard Group Inc. now owns 712,666 shares of the construction company’s stock worth $898,000 after buying an additional 70,886 shares during the last quarter. Finally, Armistice Capital LLC bought a new stake in ENGlobal in the 1st quarter worth approximately $1,064,000. Institutional investors own 5.67% of the company’s stock.

About ENGlobal

ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates through two ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally.