Ennis (NYSE:EBF) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Ennis, Inc. (NYSE:EBF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.09 and traded as low as $20.64. Ennis shares last traded at $20.69, with a volume of 77,377 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Ennis from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

Ennis Stock Up 0.1 %

The stock’s 50-day simple moving average is $21.00 and its 200 day simple moving average is $22.09. The firm has a market cap of $538.07 million, a P/E ratio of 13.01 and a beta of 0.41.

Ennis (NYSE:EBF) last announced its earnings results on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, January 10th. Ennis’s dividend payout ratio is presently 62.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EBF. Unison Advisors LLC lifted its holdings in shares of Ennis by 1.1% in the 3rd quarter. Unison Advisors LLC now owns 38,454 shares of the industrial products company’s stock worth $935,000 after purchasing an additional 435 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Ennis by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock valued at $236,000 after buying an additional 534 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Ennis by 10.3% during 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. FMR LLC raised its holdings 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 worth $81,000 after acquiring an additional 855 shares during the last quarter. Finally, CWM LLC increased its holdings in Ennis by 30.9% during the 3rd quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 1,190 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

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.