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

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

ENGlobal Price Performance

ENG opened at $1.08 on Tuesday. The business has a fifty day simple moving average of $1.26 and a 200-day simple moving average of $1.38. ENGlobal has a fifty-two week low of $1.01 and a fifty-two week high of $2.30.

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.