Ennis (NYSE:EBF - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Tuesday.
Ennis Stock Performance
Shares of NYSE:EBF traded up $0.01 during trading hours on Tuesday, hitting $20.61. The stock had a trading volume of 139,048 shares, compared to its average volume of 126,742. The stock's fifty day simple moving average is $22.99 and its 200 day simple moving average is $21.99. Ennis has a 1-year low of $18.88 and a 1-year high of $25.75. The firm has a market capitalization of $535.53 million, a price-to-earnings ratio of 12.88 and a beta of 0.40.
Ennis (NYSE:EBF - Get Free Report) last announced its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%. The company had revenue of $99.04 million for the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Ennis by 74.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,588 shares of the industrial products company's stock worth $1,346,000 after buying an additional 27,921 shares in the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of Ennis during the 2nd quarter valued at $494,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Ennis during the 2nd quarter valued at $543,000. AQR Capital Management LLC boosted its stake in shares of Ennis by 74.5% during the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company's stock valued at $5,870,000 after buying an additional 114,516 shares during the period. Finally, CWM LLC boosted its stake in shares of Ennis by 97.0% during 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 period. 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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