Q: I have a position in ENGH. With the recent quarters revealing slightly negative growth and no catalyst in sight, would you recommend moving on from this name? Hence, sell or hold?
5i Research Answer:
ENGH just reported results. ENGH reported EPS of $0.31 vs expectations of $0.37. Revenue $125.58 vs $129.52 also missed estimates. Revenue was also lower vs the prior year. The company ended the quarter with $271 mln in cash and no debt. Overall, its hard to see a whole lot to be excited about here.