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

Equities researchers at StockNews.com initiated coverage on shares of ENGlobal (NASDAQ:ENG) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the construction company’s stock.

ENGlobal Stock Up 1.5 %

ENGlobal stock opened at $1.65 on Friday. The business has a 50 day moving average price of $1.71 and a two-hundred day moving average price of $1.86. ENGlobal has a 12 month low of $1.01 and a 12 month high of $4.56. The stock has a market cap of $8.54 million, a price-to-earnings ratio of -0.34 and a beta of 1.47.

Institutional Trading of ENGlobal

Several institutional investors have recently bought and sold shares of ENG. Armistice Capital LLC bought a new stake in ENGlobal during the first quarter worth about $1,064,000. Renaissance Technologies LLC grew its position in ENGlobal by 492.9% during the 1st quarter. Renaissance Technologies LLC now owns 250,800 shares of the construction company’s stock worth $120,000 after acquiring an additional 208,500 shares during the last quarter. Vanguard Group Inc. increased its holdings in ENGlobal by 11.0% during the 3rd quarter. Vanguard Group Inc. now owns 712,666 shares of the construction company’s stock valued at $898,000 after purchasing an additional 70,886 shares in the last quarter. Citadel Advisors LLC increased its holdings in ENGlobal by 31.7% during the 2nd quarter. Citadel Advisors LLC now owns 257,861 shares of the construction company’s stock valued at $97,000 after purchasing an additional 62,089 shares in the last quarter. Finally, State Street Corp raised 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 valued at $72,000 after purchasing an additional 20,500 shares during the last quarter. Institutional investors and hedge funds 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.