Referenced Stocks

ENGlobal Jumps 14% on Consideration of Improvement Options

By Midnight Trader,  October 11, 2012, 12:44:51 PM EDT

ENGlobal Corp. ( ENG ), a provider of energy-related project delivery solutions, is up 13.51% to $0.369 after announcing that it's considering possible strategic alternatives for enhancing shareholder value and supporting the company's long-term financial strength.

These alternatives may include raising capital, selling a portion of the company's assets, and the possible sale or merger of ENGlobal, among other alternatives.

ENG is trading in the low end of its 52-week range of $0.31 - $2.99; shares have fallen 85% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: ENG



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