Ennis, Inc. (NYSE:EBF) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

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

Ennis (EBF) opened at 18.75 on Tuesday. The stock has a market cap of $476.57 million, a price-to-earnings ratio of 18.19 and a beta of 0.78. Ennis has a 12 month low of $14.40 and a 12 month high of $19.85. The stock’s 50 day moving average price is $19.10 and its 200-day moving average price is $17.31.

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

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A number of hedge funds have recently bought and sold shares of EBF. Cigna Investments Inc. New bought a new stake in Ennis during the second quarter valued at about $344,000. Acadian Asset Management LLC boosted its stake in Ennis by 424.8% in the second quarter. Acadian Asset Management LLC now owns 55,468 shares of the industrial products company’s stock valued at $1,060,000 after buying an additional 44,898 shares in the last quarter. Trexquant Investment LP bought a new stake in Ennis during the second quarter valued at about $399,000. Sei Investments Co. boosted its stake in Ennis by 179.1% in the second quarter. Sei Investments Co. now owns 10,850 shares of the industrial products company’s stock valued at $207,000 after buying an additional 6,963 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Ennis by 19.7% in the second quarter. Russell Investments Group Ltd. now owns 34,548 shares of the industrial products company’s stock valued at $660,000 after buying an additional 5,691 shares in the last quarter. 83.47% of the stock is currently 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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