Shares of Ennis, Inc. (NYSE:EBF - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.04 and traded as high as $22.26. Ennis shares last traded at $22.06, with a volume of 256,932 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Ennis from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 29th.
Read Our Latest Stock Analysis on EBF
Ennis Stock Up 0.1 %
The company has a market cap of $574.34 million, a price-to-earnings ratio of 13.98 and a beta of 0.41. The company's fifty day moving average price is $22.56 and its two-hundred day moving average price is $22.06.
Ennis (NYSE:EBF - Get Free Report) last announced its quarterly earnings data on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%. The firm had revenue of $99.04 million for the quarter.
Ennis Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.00 annualized dividend and a dividend yield of 4.53%. Ennis's dividend payout ratio (DPR) is currently 63.29%.
Institutional Trading of Ennis
A number of institutional investors have recently modified their holdings of EBF. Point72 Asset Management L.P. acquired a new stake in Ennis in the second quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Ennis in the second quarter valued at about $54,000. Mather Group LLC. bought a new stake in shares of Ennis during the 2nd quarter valued at approximately $72,000. CWM LLC increased its holdings 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 buying an additional 1,895 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Ennis in the 3rd quarter worth about $103,000. 74.33% of the stock is currently owned by institutional investors.
About Ennis
(
Get Free Report)
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.
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