StockNews.com Lowers Ennis (NYSE:EBF) to Buy

Ennis (NYSE:EBF - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Ennis Stock Down 0.2 %

EBF stock traded down $0.04 during mid-day trading on Friday, reaching $20.23. 78,751 shares of the stock traded hands, compared to its average volume of 119,029. Ennis has a 52 week low of $18.88 and a 52 week high of $23.17. The firm has a market capitalization of $523.55 million, a PE ratio of 12.34 and a beta of 0.45. The business has a 50-day moving average of $19.95 and a two-hundred day moving average of $20.75.

Ennis (NYSE:EBF - Get Free Report) last issued its earnings results on Monday, April 22nd. The industrial products company reported $0.39 EPS for the quarter. Ennis had a net margin of 10.14% and a return on equity of 12.43%. The company had revenue of $97.43 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EBF. Vanguard Group Inc. boosted its stake in shares of Ennis by 0.7% in 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 buying an additional 13,258 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Ennis by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,604,039 shares of the industrial products company's stock worth $35,144,000 after acquiring an additional 6,865 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Ennis by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 813,778 shares of the industrial products company's stock worth $17,830,000 after acquiring an additional 53,211 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ennis by 4.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,790 shares of the industrial products company's stock valued at $14,086,000 after acquiring an additional 28,263 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Ennis by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 342,083 shares of the industrial products company's stock worth $7,259,000 after purchasing an additional 3,465 shares in the last quarter. 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.

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