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

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

Ennis Stock Up 0.5 %

EBF traded up $0.10 on Thursday, hitting $20.66. 117,707 shares of the company traded hands, compared to its average volume of 130,629. Ennis has a 12-month low of $18.88 and a 12-month high of $25.75. The company has a 50 day moving average of $21.03 and a 200-day moving average of $22.13. The stock has a market capitalization of $537.29 million, a PE ratio of 12.99 and a beta of 0.41.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 EPS 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%.

Institutional Investors Weigh In On Ennis

A number of hedge funds have recently added to or reduced their stakes in EBF. EMC Capital Management raised its stake in shares of Ennis by 355.3% during the 4th quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock worth $208,000 after buying an additional 7,685 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Ennis during the fourth quarter worth $295,000. SG Americas Securities LLC raised its position in Ennis by 46.0% in the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 1,951 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Ennis by 8,888.9% in the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Ennis by 282.8% in the third quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock valued at $6,103,000 after acquiring an additional 185,373 shares during the period. 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.