Ennis (NYSE:EBF) Share Price Passes Above 200-Day Moving Average of $20.31

Shares of Ennis, Inc. (NYSE:EBFGet Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.31 and traded as high as $22.97. Ennis shares last traded at $22.79, with a volume of 85,332 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Ennis in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company.

Ennis Stock Up 1.0 %

The stock has a fifty day moving average of $21.40 and a 200-day moving average of $20.31. The firm has a market capitalization of $588.80 million, a P/E ratio of 15.50 and a beta of 0.49.

Ennis (NYSE:EBFGet Rating) last released its quarterly earnings results on Monday, September 19th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $111.23 million during the quarter. Ennis had a return on equity of 12.43% and a net margin of 9.02%.

Ennis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Friday, October 7th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, October 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.39%. Ennis’s payout ratio is currently 68.03%.

Hedge Funds Weigh In On Ennis

Several institutional investors have recently modified their holdings of EBF. Signaturefd LLC lifted its holdings in shares of Ennis by 155.0% during the 1st quarter. Signaturefd LLC now owns 1,418 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 862 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Ennis by 276.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,505 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 1,105 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Ennis by 177.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 1,190 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Ennis during the 2nd quarter valued at about $47,000. Finally, US Bancorp DE lifted its holdings in shares of Ennis by 84.5% during the 2nd quarter. US Bancorp DE now owns 2,507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 1,148 shares in the last quarter. Institutional investors own 72.69% of the company’s stock.

About Ennis

(Get Rating)

Ennis, Inc designs, 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, Specialized Printed Forms, 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, Falcon Business Forms, 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, Ace Forms, and AmeriPrint brands.

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