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

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

Ennis Stock Performance

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

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) 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 Trading of Ennis

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC lifted its stake 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 purchasing an additional 663 shares during the last quarter. EMC Capital Management grew its holdings in Ennis by 355.3% during the 4th quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 7,685 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Ennis during the fourth quarter valued at approximately $295,000. SG Americas Securities LLC raised its position in shares of Ennis by 46.0% in the 4th quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 1,951 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in 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 purchasing an additional 4,000 shares during 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.