BidaskClub Lowers Ennis, Inc. (EBF) to Sell

Ennis, Inc. (NYSE:EBF) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Separately, TheStreet raised shares of Ennis from a “c+” rating to a “b” rating in a report on Tuesday, April 25th.

Ennis (NYSE:EBF) traded down 1.181% during trading on Thursday, hitting $18.825. 4,424 shares of the company’s stock were exchanged. Ennis has a 12-month low of $14.40 and a 12-month high of $19.85. The firm has a market cap of $478.48 million, a price-to-earnings ratio of 18.259 and a beta of 0.78. The company’s 50-day moving average price is $18.99 and its 200 day moving average price is $17.18.

Ennis (NYSE:EBF) last posted its earnings results on Monday, June 26th. The industrial products company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. The firm had revenue of $94.59 million during the quarter. Ennis had a net margin of 7.32% and a return on equity of 12.35%. Equities analysts forecast that Ennis will post $1.15 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the stock. Kennedy Capital Management Inc. raised its stake in shares of Ennis by 2.1% in the second quarter. Kennedy Capital Management Inc. now owns 172,294 shares of the industrial products company’s stock valued at $3,291,000 after buying an additional 3,584 shares during the last quarter. LSV Asset Management raised its stake in shares of Ennis by 4.1% in the second quarter. LSV Asset Management now owns 711,695 shares of the industrial products company’s stock valued at $13,593,000 after buying an additional 27,795 shares during the last quarter. Chicago Equity Partners LLC raised its stake in shares of Ennis by 13.3% in the second quarter. Chicago Equity Partners LLC now owns 107,974 shares of the industrial products company’s stock valued at $2,062,000 after buying an additional 12,704 shares during the last quarter. Royce & Associates LP raised its stake in shares of Ennis by 53.6% in the second quarter. Royce & Associates LP now owns 280,747 shares of the industrial products company’s stock valued at $5,362,000 after buying an additional 97,967 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in shares of Ennis by 12.0% in the second quarter. Federated Investors Inc. PA now owns 94,024 shares of the industrial products company’s stock valued at $1,796,000 after buying an additional 10,074 shares during the last quarter. 83.52% of the stock is owned by hedge funds and other institutional investors.

About Ennis

Ennis, Inc and its subsidiaries are engaged in the production and sale of printed business products, business forms and other business products. The Company operates through Print segment, which is engaged in printing, manufacturing and selling a range of business forms and other business products to distributors located throughout the United States primarily through independent dealers.

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