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

Ennis (NYSE:EBF) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

Ennis Price Performance

Shares of Ennis stock opened at $20.43 on Tuesday. Ennis has a 1-year low of $18.88 and a 1-year high of $25.75. The company’s fifty day simple moving average is $22.95 and its 200-day simple moving average is $22.00. The stock has a market capitalization of $530.85 million, a PE ratio of 12.77 and a beta of 0.40.

Ennis (NYSE:EBF) last released its earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share for the quarter. The company had revenue of $99.04 million for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in shares of Ennis during the second quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ennis in the 2nd quarter valued at $54,000. Mather Group LLC. purchased a new stake in Ennis in the 2nd quarter worth $72,000. CWM LLC boosted its holdings in shares of Ennis by 97.0% during the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 1,895 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Ennis in the third quarter worth about $103,000. Institutional investors own 74.33% of the company’s stock.

Ennis Company Profile

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.