ENGlobal (ENG) Stock Surges Over 8% Amid Market Fluctuations

Author's Avatar
Nov 11, 2024
Article's Main Image

ENGlobal (ENG, Financial) experienced a significant stock movement, with its share price soaring by 8.53%. The stock is currently priced at $1.40 per share with a trading volume of 16,212 shares and a turnover rate of 0.31%. The stock's fluctuation rate is 4.65%.

According to the latest financial report, ENGlobal recorded a revenue of $6.14 million. However, it posted a net loss of $1.21 million, resulting in an earnings per share (EPS) of -$0.23. The gross profit stood at $556,000, and the price-to-earnings (P/E) ratio is currently -0.99. There are no current institutional ratings available for the stock in terms of buy, hold, or sell recommendations.

Within the construction engineering sector, to which ENGlobal belongs, the overall increase was 0.07%. Some noteworthy performers in the sector were Hongli Group, Blink Charging Co. Common Stock, and Shimmick Corporation, which saw significant price increases. Other active stocks include Founder Group Limited, Blink Charging Co. Common Stock, and Everus Construction Group, Inc., with turnover rates of 8.92%, 5.39%, and 2.22%, respectively. Stocks with notable fluctuations include Founder Group Limited, Innovate Corp., and Hongli Group, with fluctuation rates of 117.09%, 17.70%, and 13.78%, respectively.

ENGlobal Corp is dedicated to providing engineering and professional services for the energy sector. The company operates through two segments: Commercial and Government Services. The Commercial segment generates revenue from time and material fees for professional and technical services. The Government segment offers design, integration, and implementation services related to distributed control and analytical systems, advanced automation data collection systems, IT, and system maintenance for the U.S. government globally.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.