Ennis (NYSE:EBF) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Ennis (NYSE:EBF – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “strong-buy” rating on the industrial products company’s stock.

Ennis Trading Down 2.0 %

Shares of EBF opened at $21.52 on Thursday. The firm has a market cap of $555.99 million, a PE ratio of 13.28 and a beta of 0.48. The firm has a fifty day simple moving average of $21.39 and a two-hundred day simple moving average of $21.67. Ennis has a 1-year low of $16.55 and a 1-year high of $23.48.

Ennis (NYSE:EBF – Get Rating) last posted its quarterly earnings data on Monday, December 19th. The industrial products company reported $0.44 EPS for the quarter. The firm had revenue of $110.25 million during the quarter. Ennis had a return on equity of 13.47% and a net margin of 9.74%.

Institutional Investors Weigh In On Ennis

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its stake in shares of Ennis by 276.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,505 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 1,105 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Ennis by 177.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 1,190 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Ennis in the 4th quarter worth $41,000. Great West Life Assurance Co. Can increased its stake in shares of Ennis by 36.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,940 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 787 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Ennis by 26.2% in the 3rd quarter. US Bancorp DE now owns 3,163 shares of the industrial products company’s stock worth $64,000 after buying an additional 656 shares during the period. 72.86% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Company Profile

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Ennis, Inc engages in the manufacture, design, and sale of business forms and other printed business products. Its products include advertising specialties, business supplies, checks and software compatible forms, commercial printing, custom business forms, ecommerce, envelopes, and financial and security printing.