Ennis (NYSE:EBF) Shares Pass Below 200 Day Moving Average – Here’s Why

Ennis, Inc. (NYSE:EBFGet Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.09 and traded as low as $20.64. Ennis shares last traded at $20.69, with a volume of 77,377 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Ennis from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

Check Out Our Latest Research Report on EBF

Ennis Stock Performance

The stock has a market cap of $538.07 million, a PE ratio of 13.01 and a beta of 0.41. The business has a 50 day moving average price of $21.00 and a two-hundred day moving average price of $22.09.

Ennis (NYSE:EBFGet Free Report) last posted its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a yield of 4.83%. Ennis’s dividend payout ratio (DPR) is presently 62.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new stake in shares of Ennis in the 2nd quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ennis in the second quarter valued at $54,000. FMR LLC lifted its position in shares of Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after buying an additional 855 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Ennis by 8,888.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 4,000 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Ennis in the 3rd quarter worth about $103,000. 74.33% of the stock is owned by institutional investors.

Ennis Company Profile

(Get Free Report)

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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