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

Ennis (NYSE:EBF) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday.

Ennis Price Performance

EBF opened at $20.61 on Monday. The company has a market capitalization of $535.53 million, a price-to-earnings ratio of 12.88 and a beta of 0.40. The business’s 50-day moving average price is $23.17 and its two-hundred day moving average price is $21.97. Ennis has a 1 year low of $18.88 and a 1 year high of $25.75.

Ennis (NYSE:EBF) last announced its earnings results on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%. The business had revenue of $99.04 million during the quarter.

Institutional Investors Weigh In On Ennis

Large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new position in Ennis in the 2nd quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ennis during the second quarter worth approximately $54,000. Mather Group LLC. acquired a new stake in Ennis during the 2nd quarter worth approximately $72,000. CWM LLC boosted its stake in Ennis by 97.0% in the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 1,895 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Ennis in the 3rd quarter valued at $103,000. Institutional investors own 74.33% of the company’s stock.

Ennis Company Profile

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.