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

StockNews.com began coverage on shares of ENGlobal (NASDAQ:ENGFree Report) in a research note issued to investors on Friday. The firm issued a sell rating on the construction company’s stock.

ENGlobal Stock Up 0.8 %

Shares of NASDAQ:ENG opened at $1.85 on Friday. The business has a fifty day moving average of $1.67 and a two-hundred day moving average of $1.87. The stock has a market cap of $9.51 million, a P/E ratio of -0.38 and a beta of 1.47. ENGlobal has a 52-week low of $1.01 and a 52-week high of $4.56.

Institutional Trading of ENGlobal

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC grew its holdings in ENGlobal by 31.7% in the 2nd quarter. Citadel Advisors LLC now owns 257,861 shares of the construction company’s stock valued at $97,000 after buying an additional 62,089 shares in the last quarter. Armistice Capital LLC acquired a new position in shares of ENGlobal in the 1st quarter valued at $1,064,000. Renaissance Technologies LLC lifted its stake in shares of ENGlobal by 492.9% in the 1st quarter. Renaissance Technologies LLC now owns 250,800 shares of the construction company’s stock valued at $120,000 after purchasing an additional 208,500 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of ENGlobal by 11.0% in 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 during the last quarter. Finally, State Street Corp lifted its stake in shares of 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. 5.67% of the stock is currently owned by hedge funds and other institutional investors.

ENGlobal Company Profile

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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.

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