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

Ennis (NYSE:EBF) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Ennis Stock Up 0.5 %

EBF stock opened at $20.77 on Thursday. The stock has a market capitalization of $540.15 million, a PE ratio of 13.06 and a beta of 0.41. Ennis has a 52 week low of $18.88 and a 52 week high of $25.75. The firm has a 50 day moving average of $21.01 and a 200 day moving average of $22.11.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Institutional Trading of Ennis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in shares of Ennis during the 2nd quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ennis during the second quarter worth approximately $54,000. FMR LLC grew its holdings in Ennis by 34.6% in the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 855 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Ennis by 8,888.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $85,000 after buying an additional 4,000 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Ennis during the 3rd quarter worth approximately $103,000. Institutional investors and hedge funds 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.