Ennis (NYSE:EBF) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Ennis (NYSE:EBF – Get Rating) in a report issued on Thursday morning. The firm issued a strong-buy rating on the industrial products company’s stock.

Ennis Price Performance

EBF opened at $21.23 on Thursday. Ennis has a 12 month low of $16.55 and a 12 month high of $23.48. The stock has a market cap of $548.58 million, a P/E ratio of 13.11 and a beta of 0.48. The stock’s 50 day moving average price is $21.36 and its 200 day moving average price is $21.67.

Ennis (NYSE:EBF – Get Rating) last posted its earnings results on Monday, December 19th. The industrial products company reported $0.44 EPS for the quarter. Ennis had a return on equity of 13.47% and a net margin of 9.74%. The firm had revenue of $110.25 million for the quarter.

Institutional Trading of Ennis

Several large investors have recently added to or reduced their stakes in EBF. Geneos Wealth Management Inc. increased its position in shares of Ennis by 276.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,505 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 1,105 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Ennis by 177.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 1,190 shares during the period. Armstrong Advisory Group Inc. acquired a new position in shares of Ennis during the 4th quarter valued at $41,000. Great West Life Assurance Co. Can increased its position in shares of Ennis by 36.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,940 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 787 shares during the period. Finally, US Bancorp DE increased its position in shares of Ennis by 26.2% during the 3rd quarter. US Bancorp DE now owns 3,163 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 656 shares during the period. 72.86% of the stock is currently owned by institutional investors and hedge funds.

About Ennis

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Ennis, Inc engages in the manufacture, design, and sale of business forms and other printed business products. Its products include advertising specialties, business supplies, checks and software compatible forms, commercial printing, custom business forms, ecommerce, envelopes, and financial and security printing.