ENGlobal's shrinking revenue and low P/S ratio may indicate that future revenue won't provide any pleasant surprises. If recent trends persist, the share price is unlikely to see significant movement.
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.
$ENGlobal(ENG.US)$ looking to 4x company has no history if RS and ceo owns a very large portion of shares. Old Ceo quit/fired original ceo is back and i do believe this will be a $1.50 - $2.00 stock minimum