StockNews.com Upgrades Ennis (NYSE:EBF) to “Strong-Buy”

Ennis (NYSE:EBF) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Ennis Price Performance

EBF traded down $0.06 during trading hours on Tuesday, reaching $21.31. The company’s stock had a trading volume of 72,954 shares, compared to its average volume of 127,323. The business’s 50-day moving average is $21.77 and its 200-day moving average is $22.21. Ennis has a fifty-two week low of $18.88 and a fifty-two week high of $25.75. The stock has a market cap of $554.06 million, a PE ratio of 13.49 and a beta of 0.41.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. The company had revenue of $99.04 million for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%.

Institutional Trading of Ennis

A number of hedge funds and other institutional investors have recently bought and sold shares of EBF. Point72 Asset Management L.P. purchased a new position in shares of Ennis in the 2nd quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ennis in the second quarter valued at approximately $54,000. Mather Group LLC. acquired a new stake in Ennis during the second quarter worth approximately $72,000. FMR LLC lifted its position in shares of Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after buying an additional 855 shares during the last quarter. Finally, CWM LLC grew its position in shares of Ennis by 97.0% in the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock valued at $84,000 after buying an additional 1,895 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Company Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.