Ennis (NYSE:EBF) Upgraded to Strong-Buy at StockNews.com

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

Ennis Trading Down 0.3 %

Shares of NYSE EBF traded down $0.06 during mid-day trading on Tuesday, reaching $21.31. The company had a trading volume of 72,954 shares, compared to its average volume of 127,323. The stock has a market cap of $554.06 million, a price-to-earnings ratio of 13.49 and a beta of 0.41. The business’s 50-day moving average is $21.77 and its 200-day moving average is $22.21. Ennis has a 52 week low of $18.88 and a 52 week high of $25.75.

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

Institutional Trading of Ennis

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new position in Ennis during the 2nd quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ennis during the second quarter worth approximately $54,000. Mather Group LLC. acquired a new stake in Ennis in the 2nd quarter valued at $72,000. FMR LLC increased its stake in shares of Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 855 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Ennis by 97.0% during the second quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 1,895 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

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.