Ennis (NYSE:EBF - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
Ennis Price Performance
EBF stock traded down $0.06 during mid-day trading on Thursday, reaching $20.47. 108,526 shares of the company traded hands, compared to its average volume of 121,445. The company has a market capitalization of $532.37 million, a P/E ratio of 12.87 and a beta of 0.41. Ennis has a 52-week low of $18.88 and a 52-week high of $25.75. The company has a fifty day moving average price of $20.85 and a 200-day moving average price of $21.83.
Ennis (NYSE:EBF - Get Free Report) last posted its earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in shares of Ennis during the fourth quarter worth about $65,000. FMR LLC grew its holdings 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. Nisa Investment Advisors LLC grew its holdings in shares of Ennis by 8,888.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company's stock worth $85,000 after purchasing an additional 4,000 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Ennis during the third quarter worth about $103,000. Finally, CWM LLC boosted its stake in Ennis by 30.9% in the third quarter. CWM LLC now owns 5,039 shares of the industrial products company's stock worth $123,000 after buying an additional 1,190 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company's stock.
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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