StockNews.com Upgrades Ennis (NYSE:EBF) to “Strong-Buy”

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

Ennis Stock Performance

EBF opened at $19.70 on Thursday. Ennis has a one year low of $18.88 and a one year high of $23.17. The stock has a market capitalization of $509.84 million, a PE ratio of 12.01 and a beta of 0.44. The business’s 50 day moving average price is $19.96 and its 200 day moving average price is $20.80.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.39 EPS for the quarter. Ennis had a return on equity of 12.43% and a net margin of 10.14%. The firm had revenue of $97.43 million for the quarter.

Institutional Trading of Ennis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EBF. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ennis by 101.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,343 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 3,199 shares during the period. CWM LLC raised its position in Ennis by 470.3% in the third quarter. CWM LLC now owns 8,178 shares of the industrial products company’s stock valued at $174,000 after purchasing an additional 6,744 shares during the period. EMC Capital Management raised its position in Ennis by 123.9% in the third quarter. EMC Capital Management now owns 8,877 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 4,912 shares during the period. WINTON GROUP Ltd purchased a new stake in Ennis in the third quarter valued at approximately $204,000. Finally, Jump Financial LLC purchased a new stake in shares of Ennis during the fourth quarter worth $214,000. 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.