Ennis (NYSE:EBF) Stock Passes Below Two Hundred Day Moving Average of $0.00

Ennis, Inc. (NYSE:EBF)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $19.64. Ennis shares last traded at $19.71, with a volume of 6,130 shares trading hands.

Separately, Zacks Investment Research upgraded shares of Ennis from a “sell” rating to a “hold” rating in a report on Monday, June 24th.

The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.42 and a current ratio of 4.38. The stock has a market cap of $526.97 million, a PE ratio of 13.72 and a beta of 0.56. The stock has a 50-day moving average price of $20.10.

Ennis (NYSE:EBF) last issued its earnings results on Monday, June 24th. The industrial products company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. The firm had revenue of $108.03 million during the quarter. Ennis had a net margin of 9.10% and a return on equity of 13.09%. Sell-side analysts expect that Ennis, Inc. will post 1.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Friday, July 12th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Thursday, July 11th. Ennis’s dividend payout ratio is presently 62.07%.

A number of large investors have recently modified their holdings of EBF. Dimensional Fund Advisors LP raised its stake in shares of Ennis by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,547 shares of the industrial products company’s stock worth $42,650,000 after purchasing an additional 57,141 shares during the period. BlackRock Inc. raised its stake in shares of Ennis by 14.5% during the 4th quarter. BlackRock Inc. now owns 2,140,100 shares of the industrial products company’s stock worth $41,197,000 after purchasing an additional 270,364 shares during the period. Bank of America Corp DE raised its stake in shares of Ennis by 25.1% during the 4th quarter. Bank of America Corp DE now owns 678,019 shares of the industrial products company’s stock worth $13,052,000 after purchasing an additional 135,978 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Ennis by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 336,319 shares of the industrial products company’s stock worth $6,474,000 after purchasing an additional 28,027 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Ennis by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 282,456 shares of the industrial products company’s stock worth $5,437,000 after purchasing an additional 4,954 shares during the period. Institutional investors and hedge funds own 82.59% of the company’s stock.

About Ennis (NYSE:EBF)

Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

Featured Article: What is meant by holder of record?

Receive News & Ratings for Ennis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ennis and related companies with MarketBeat.com's FREE daily email newsletter.