StockNews.com Upgrades Ennis (NYSE:EBF) to Strong-Buy

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

Ennis Trading Up 0.9 %

Shares of NYSE:EBF traded up $0.17 during midday trading on Thursday, hitting $19.67. The company had a trading volume of 158,347 shares, compared to its average volume of 120,005. Ennis has a 12 month low of $18.88 and a 12 month high of $23.17. The stock has a market cap of $509.06 million, a price-to-earnings ratio of 11.99 and a beta of 0.44. The firm has a fifty day simple moving average of $19.97 and a 200 day simple moving average of $20.82.

Ennis (NYSE:EBF) last posted its earnings results on Monday, April 22nd. The industrial products company reported $0.39 earnings per share for the quarter. The firm had revenue of $97.43 million for the quarter. Ennis had a return on equity of 12.43% and a net margin of 10.14%.

Institutional Trading of Ennis

Hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank raised its stake in shares of Ennis by 2.0% in the 3rd quarter. Swiss National Bank now owns 56,900 shares of the industrial products company’s stock valued at $1,207,000 after purchasing an additional 1,100 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Ennis by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,604,039 shares of the industrial products company’s stock valued at $35,144,000 after acquiring an additional 6,865 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ennis by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,567 shares of the industrial products company’s stock valued at $16,139,000 after acquiring an additional 70,755 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Ennis by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,830,941 shares of the industrial products company’s stock valued at $38,853,000 after acquiring an additional 13,258 shares during the last quarter. Finally, EMC Capital Management increased its position in shares of Ennis by 123.9% in the third quarter. EMC Capital Management now owns 8,877 shares of the industrial products company’s stock valued at $188,000 after acquiring an additional 4,912 shares during the last quarter. Institutional investors and hedge funds 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.