Ennis (NYSE:EBF) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Ennis, Inc. (NYSE:EBF)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.45 and traded as high as $21.38. Ennis shares last traded at $21.05, with a volume of 125,712 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on EBF. Wall Street Zen upgraded Ennis from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings restated a “hold (c)” rating on shares of Ennis in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Ennis Trading Down 0.5%

The company has a market capitalization of $532.35 million, a price-to-earnings ratio of 12.68 and a beta of 0.35. The stock has a 50-day simple moving average of $19.85 and a 200-day simple moving average of $18.45.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, December 22nd. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $100.17 million during the quarter, compared to the consensus estimate of $100.50 million. Ennis had a net margin of 11.01% and a return on equity of 14.11%. During the same quarter last year, the company earned $0.39 earnings per share.

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Thursday, January 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. Ennis’s payout ratio is presently 60.24%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EBF. State of Alaska Department of Revenue bought a new position in Ennis during the third quarter worth $25,000. Traub Capital Management LLC acquired a new stake in shares of Ennis during the second quarter worth $27,000. EverSource Wealth Advisors LLC lifted its position in shares of Ennis by 1,037.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,390 shares during the last quarter. WealthCollab LLC boosted its holdings in shares of Ennis by 180.9% in the 4th quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock valued at $33,000 after buying an additional 1,165 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Ennis by 56.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock valued at $45,000 after buying an additional 890 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.