Ennis (NYSE:EBF) Upgraded at StockNews.com

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

Ennis Trading Up 0.5 %

NYSE:EBF traded up $0.10 during mid-day trading on Thursday, hitting $20.66. The stock had a trading volume of 117,707 shares, compared to its average volume of 130,629. Ennis has a twelve month low of $18.88 and a twelve month high of $25.75. The company has a market capitalization of $537.29 million, a PE ratio of 12.99 and a beta of 0.41. The stock has a 50-day simple moving average of $21.03 and a two-hundred day simple moving average of $22.13.

Ennis (NYSE:EBF) last announced 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 net margin of 10.35% and a return on equity of 12.16%.

Institutional Investors Weigh In On Ennis

Institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new stake in Ennis during the second quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ennis in the 2nd quarter valued at $54,000. FMR LLC grew its position in shares of Ennis by 34.6% in 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 during the last quarter. Nisa Investment Advisors LLC raised its stake 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 worth $85,000 after acquiring an additional 4,000 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Ennis in the third quarter valued at $103,000. Hedge funds and other institutional investors 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.