Ennis (NYSE:EBF) Stock Rating Lowered by StockNews.com

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

Ennis Price Performance

Shares of EBF opened at $20.47 on Thursday. The firm has a 50-day simple moving average of $20.86 and a two-hundred day simple moving average of $21.88. The stock has a market cap of $532.37 million, a PE ratio of 12.87 and a beta of 0.41. Ennis has a 1-year low of $18.88 and a 1-year high of $25.75.

Ennis (NYSE:EBF) last posted its earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share 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%.

Hedge Funds Weigh In On Ennis

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in shares of Ennis in the fourth quarter valued at $65,000. FMR LLC increased its holdings in Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 855 shares during the period. Nisa Investment Advisors LLC raised its position in Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $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 in the 3rd quarter valued at about $103,000. Finally, CWM LLC grew its position in shares of Ennis by 30.9% during 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

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.