Ennis (NYSE:EBF) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Ennis, Inc. (NYSE:EBF)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.56 and traded as high as $20.92. Ennis shares last traded at $20.4450, with a volume of 172,722 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ennis in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Ennis Stock Performance

The company has a market cap of $517.05 million, a PE ratio of 12.32 and a beta of 0.35. The stock has a 50 day moving average of $20.21 and a 200-day moving average of $18.56.

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

Institutional Investors Weigh In On Ennis

A number of large investors have recently bought and sold shares of EBF. State of Alaska Department of Revenue acquired a new position in Ennis in the 3rd quarter worth approximately $25,000. Traub Capital Management LLC purchased a new position in Ennis during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its stake in Ennis by 1,037.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,390 shares during the period. WealthCollab LLC lifted its stake in Ennis by 180.9% during the 4th quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 1,165 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Ennis by 56.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

About Ennis

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.