With ENGlobal's revenues falling and the rest of the industr...
With ENGlobal's revenues falling and the rest of the industry forecasted to grow by 13% next year, the low P/S is justified. However, the future looks grim, and the company's inability to boost its top-line growth may cause the P/S to plunge even further.
ENGlobal Corporation's (NASDAQ:ENG) 26% Dip In Price Shows Sentiment Is Matching Revenues
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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