StockNews.com upgraded shares of Ennis (NYSE:EBF – Free Report) from a buy rating to a strong-buy rating in a research note released on Thursday morning.
Ennis Stock Performance
EBF opened at $19.70 on Thursday. The firm has a market cap of $509.84 million, a price-to-earnings ratio of 12.01 and a beta of 0.44. Ennis has a twelve month low of $18.88 and a twelve month high of $23.17. The firm’s 50-day simple moving average is $19.96 and its 200-day simple moving average is $20.79.
Ennis (NYSE:EBF – Get Free Report) last released its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $97.43 million during the quarter. Ennis had a return on equity of 12.43% and a net margin of 10.14%.
Ennis Announces Dividend
Hedge Funds Weigh In On Ennis
Hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in Ennis during the 1st quarter valued at about $4,414,000. Charles Schwab Investment Management Inc. lifted its holdings in Ennis by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,567 shares of the industrial products company’s stock valued at $16,139,000 after buying an additional 70,755 shares during the period. GSA Capital Partners LLP lifted its holdings in Ennis by 74.5% in the third quarter. GSA Capital Partners LLP now owns 74,268 shares of the industrial products company’s stock valued at $1,576,000 after buying an additional 31,702 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Ennis by 4.4% in the third 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, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Ennis by 75.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 57,287 shares of the industrial products company’s stock worth $1,216,000 after acquiring an additional 24,602 shares during the period. Institutional investors own 74.33% of the company’s stock.
About Ennis
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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