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

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

Ennis Trading Down 1.4 %

EBF opened at $20.34 on Thursday. The company has a fifty day simple moving average of $20.90 and a 200 day simple moving average of $21.90. The firm has a market cap of $529.04 million, a price-to-earnings ratio of 12.79 and a beta of 0.41. Ennis has a twelve month low of $18.88 and a twelve month high of $25.75.

Ennis (NYSE:EBF) last released its quarterly earnings results 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in Ennis by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 534 shares in the last quarter. LPL Financial LLC grew its holdings in Ennis by 5.3% during the 4th quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 604 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in Ennis by 10.3% during the 4th 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 grew 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 acquiring an additional 855 shares in the last quarter. Finally, CWM LLC grew 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 acquiring 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.