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

Analysts at StockNews.com began coverage on shares of ENGlobal (NASDAQ:ENG) in a note issued to investors on Thursday. The firm set a “sell” rating on the construction company’s stock.

ENGlobal Price Performance

ENG opened at $1.42 on Thursday. The company has a 50-day moving average of $1.31 and a 200-day moving average of $1.47. ENGlobal has a 1-year low of $1.01 and a 1-year high of $2.40.

About ENGlobal

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.