Ennis (NYSE:EBF) Cut to “Buy” at StockNews.com

Ennis (NYSE:EBFGet Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Ennis Stock Up 0.2 %

Shares of EBF opened at $21.03 on Friday. The business’s 50-day moving average price is $20.23 and its 200-day moving average price is $20.67. Ennis has a twelve month low of $18.88 and a twelve month high of $23.17. The stock has a market cap of $546.36 million, a PE ratio of 12.82 and a beta of 0.43.

Ennis (NYSE:EBFGet Free Report) last posted its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.39 earnings per share for the quarter. The company had revenue of $97.43 million for the quarter. Ennis had a net margin of 10.14% and a return on equity of 12.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Ennis by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,830,941 shares of the industrial products company’s stock valued at $38,853,000 after acquiring an additional 13,258 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Ennis by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,604,039 shares of the industrial products company’s stock valued at $35,144,000 after purchasing an additional 6,865 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Ennis by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 813,778 shares of the industrial products company’s stock valued at $17,830,000 after purchasing an additional 53,211 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Ennis during the first quarter valued at approximately $4,414,000. Finally, Empowered Funds LLC boosted its stake in shares of Ennis by 8.9% during the first quarter. Empowered Funds LLC now owns 117,621 shares of the industrial products company’s stock valued at $2,412,000 after purchasing an additional 9,615 shares during the period. 74.33% of the stock is currently owned by institutional investors.

Ennis Company Profile

(Get Free Report)

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.

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