Sunbelt Securities Inc. purchased a new position in shares of ENGlobal Corp (NASDAQ:ENG) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 26,400 shares of the construction company’s stock, valued at approximately $26,000.
Separately, River & Mercantile Asset Management LLP bought a new position in ENGlobal in the 2nd quarter valued at $547,000. 10.55% of the stock is owned by hedge funds and other institutional investors.
Shares of ENG stock opened at $1.08 on Tuesday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.12. ENGlobal Corp has a 52 week low of $0.48 and a 52 week high of $1.48. The firm’s 50-day simple moving average is $1.01 and its two-hundred day simple moving average is $0.99.
Separately, ValuEngine cut ENGlobal from a “hold” rating to a “sell” rating in a research note on Monday, November 25th.
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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