NEW YORK (

TheStreet

)

-- ENGlobal Corporation

(Nasdaq:

ENG

) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

ENGlobal Corporation, through its subsidiaries, provides engineering and professional services principally to the energy sector in the United States and internationally. It operates in four segments: Engineering, Construction, Automation, and Land. ENGlobal has a market cap of $143.8 million and is part of the

services

sector and

diversified services

industry. Shares are up 47% year to date as of the close of trading on Thursday.

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