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

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

ENGlobal Price Performance

NASDAQ:ENG opened at $1.27 on Thursday. The firm has a fifty day simple moving average of $1.32 and a 200 day simple moving average of $1.47. ENGlobal has a 1-year low of $1.01 and a 1-year 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.