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

Ennis (NYSE:EBF - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

Ennis Stock Performance

NYSE EBF traded down $0.20 during trading on Friday, reaching $20.82. 120,160 shares of the company's stock were exchanged, compared to its average volume of 112,982. The stock has a market cap of $541.42 million, a P/E ratio of 13.09 and a beta of 0.41. The company has a 50 day moving average price of $20.79 and a two-hundred day moving average price of $21.77. Ennis has a 1 year low of $18.88 and a 1 year high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last announced its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Institutional Trading of Ennis

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of Ennis by 3.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company's stock worth $33,888,000 after purchasing an additional 50,792 shares in the last quarter. Royce & Associates LP increased its position in shares of Ennis by 0.4% during the fourth quarter. Royce & Associates LP now owns 1,485,200 shares of the industrial products company's stock worth $31,323,000 after purchasing an additional 5,601 shares in the last quarter. Geode Capital Management LLC increased its position in Ennis by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 723,432 shares of the industrial products company's stock valued at $15,260,000 after acquiring an additional 16,508 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ennis by 5.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 629,143 shares of the industrial products company's stock valued at $13,269,000 after acquiring an additional 31,985 shares during the period. Finally, American Century Companies Inc. increased its position in Ennis by 27.5% in the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock valued at $13,017,000 after acquiring an additional 133,036 shares during the period. Institutional investors and hedge funds own 74.33% of the company's stock.

About Ennis

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.