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

StockNews.com started 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 Trading Down 13.0 %

NASDAQ:ENG traded down $0.18 during mid-day trading on Thursday, hitting $1.21. The stock had a trading volume of 23,364 shares, compared to its average volume of 18,284. The company has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.47. ENGlobal has a 52 week low of $1.01 and a 52 week high of $2.36.

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.