ENGlobal (NASDAQ:ENG) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of ENGlobal (NASDAQ:ENG) from a hold rating to a sell rating in a report issued on Wednesday, ValuEngine reports.

Shares of ENGlobal stock opened at $1.03 on Wednesday. The firm’s 50 day simple moving average is $1.04 and its two-hundred day simple moving average is $0.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.21 and a current ratio of 2.21. ENGlobal has a 12-month low of $0.48 and a 12-month high of $1.33.

ENGlobal (NASDAQ:ENG) last released its quarterly earnings data on Tuesday, August 13th. The construction company reported ($0.02) EPS for the quarter. The business had revenue of $13.62 million during the quarter. ENGlobal had a negative net margin of 9.43% and a negative return on equity of 29.82%.

An institutional investor recently bought a new position in ENGlobal stock. River & Mercantile Asset Management LLP acquired a new stake in ENGlobal Corp (NASDAQ:ENG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 607,816 shares of the construction company’s stock, valued at approximately $547,000. River & Mercantile Asset Management LLP owned 2.22% of ENGlobal at the end of the most recent reporting period. Institutional investors and hedge funds own 12.13% of the company’s stock.

ENGlobal Company Profile

ENGlobal Corporation provides engineering and professional services primarily to the energy industry in the United States and internationally. The company operates through two segments, Engineering, Procurement and Construction Management (EPCM); and Automation. The EPCM segment offers services relating to the development, management, and execution of projects requiring professional engineering and related project management services primarily to the energy industry, which include conceptual studies, project definition, cost estimating, engineering design, environmental compliance, material procurement, project management, and construction management.

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