Ennis (NYSE:EBF) Stock Price Down 3.5% – What’s Next?

Ennis, Inc. (NYSE:EBF)’s share price traded down 3.5% during mid-day trading on Monday . The stock traded as low as $19.69 and last traded at $19.52. 142,975 shares were traded during trading, an increase of 7% from the average session volume of 133,390 shares. The stock had previously closed at $20.23.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Ennis from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st.

Ennis Stock Down 2.9 %

The business’s 50 day moving average is $20.87 and its 200 day moving average is $21.50. The company has a market cap of $510.77 million, a P/E ratio of 12.35 and a beta of 0.40.

Ennis (NYSE:EBF) last issued its quarterly earnings data 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%.

Ennis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.09%. Ennis’s dividend payout ratio is currently 62.89%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Ennis during the fourth quarter worth $65,000. FMR LLC increased its position in Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after buying an additional 855 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Ennis by 8,888.9% during the 4th 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. SG Americas Securities LLC raised its stake in Ennis by 46.0% in the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock valued at $131,000 after buying an additional 1,951 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its holdings in Ennis by 10.3% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 663 shares in the last quarter. Institutional investors 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.