Ennis (NYSE:EBF) Stock Rating Upgraded by StockNews.com

Ennis (NYSE:EBF) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Ennis Price Performance

NYSE EBF opened at $21.89 on Thursday. The firm’s 50-day moving average is $20.81 and its two-hundred day moving average is $20.66. Ennis has a 12 month low of $18.88 and a 12 month high of $23.17. The stock has a market capitalization of $568.70 million, a P/E ratio of 13.68 and a beta of 0.43.

Ennis (NYSE:EBF) last posted its earnings results on Monday, June 17th. The industrial products company reported $0.41 EPS for the quarter. Ennis had a net margin of 10.11% and a return on equity of 12.01%. The company had revenue of $103.11 million for the quarter.

Institutional Trading of Ennis

Several hedge funds have recently made changes to their positions in EBF. Vanguard Group Inc. increased its stake in shares of Ennis by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,830,941 shares of the industrial products company’s stock worth $38,853,000 after buying an additional 13,258 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Ennis by 0.4% during 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 buying an additional 6,865 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Ennis by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 813,778 shares of the industrial products company’s stock worth $17,830,000 after buying an additional 53,211 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Ennis during the first quarter worth approximately $4,414,000. Finally, Empowered Funds LLC increased its stake in Ennis by 8.9% in the first quarter. Empowered Funds LLC now owns 117,621 shares of the industrial products company’s stock valued at $2,412,000 after purchasing an additional 9,615 shares during the last quarter. Institutional investors and hedge funds 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.