Stock Worth Watching: Ennis, Inc. Just Reaches 1 Year Low?

Stock Worth Watching: Ennis, Inc. Just Reaches 1 Year Low?

The stock of Ennis, Inc. (NYSE:EBF) hit a new 52-week low and has $13.77 target or 12.00% below today’s $15.65 share price. The 9 months bearish chart indicates high risk for the $408.61 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $13.77 price target is reached, the company will be worth $49.03M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 56,110 shares traded hands. Ennis, Inc. (NYSE:EBF) has declined 23.63% since March 14, 2016 and is downtrending. It has underperformed by 29.25% the S&P500.

According to Zacks Investment Research, “Ennis, Inc. is one of the largest private-label printed business product suppliers in the United States. Ennis offers an extensive product line from simple to complex forms, laser cut-sheets, negotiable documents, internal bank forms, tags, labels, presentation folders, commercial printing, advertising specialties, screen printed products, and point-of-purchase display advertising that can be custom designed to customer needs.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.25, from 1.3 in 2016Q1. The ratio dropped, as 19 funds sold all Ennis, Inc. shares owned while 44 reduced positions. 18 funds bought stakes while 48 increased positions. They now own 21.34 million shares or 1.30% more from 21.06 million shares in 2016Q1.
Acadian Asset Mgmt Lc holds 451,545 shares or 0.04% of its portfolio. Nationwide Fund last reported 0.01% of its portfolio in the stock. Teachers Advisors accumulated 40,828 shares or 0% of the stock. Bnp Paribas Arbitrage Sa, a New York-based fund reported 999 shares. California Employees Retirement Sys owns 58,100 shares or 0% of their US portfolio. Goldman Sachs Group holds 245,383 shares or 0% of its portfolio. Moreover, Alexandria Limited Company has 0.01% invested in Ennis, Inc. (NYSE:EBF) for 2,250 shares. Alpine Woods Capital Ltd Liability Com has 55,000 shares for 0.06% of their US portfolio. Ameriprise Incorporated accumulated 46,894 shares or 0% of the stock. Jpmorgan Chase has invested 0% of its portfolio in Ennis, Inc. (NYSE:EBF). Bartlett Company Limited Liability Company holds 0.01% of its portfolio in Ennis, Inc. (NYSE:EBF) for 8,562 shares. Tiaa Cref Inv Management Limited Liability holds 0% or 105,560 shares in its portfolio. Qs Invsts Lc accumulated 0.02% or 101,307 shares. First Quadrant L P Ca, a California-based fund reported 7,500 shares. Fuller Thaler Asset Mngmt Inc has 5,700 shares for 0% of their US portfolio.

Insider Transactions: Since April 18, 2016, the stock had 0 insider purchases, and 1 insider sale for $1,995 net activity. 57,523 shares were sold by Ahmad Irshad, worth $1.14M. The insider PRITCHETT KENNETH G sold 100 shares worth $1,995.

More notable recent Ennis, Inc. (NYSE:EBF) news were published by: Businesswire.com which released: “Ennis, Inc. Announces Proposed Sale of Apparel Division and Certain …” on April 04, 2016, also Businesswire.com with their article: “Ennis, Inc. Declares Regular Quarterly Dividend & Special Dividend from Sale …” published on June 20, 2016, Businesswire.com published: “Ennis, Inc. Announces Closing of the Sale of Its Apparel Division” on May 26, 2016. More interesting news about Ennis, Inc. (NYSE:EBF) were released by: Businesswire.com and their article: “Ennis, Inc. Announces Acceptance of $110 Million Superior Offer for Its …” published on May 04, 2016 as well as Businesswire.com‘s news article titled: “Ennis, Inc. Reports Results for the First Quarter Ended May 31, 2016” with publication date: June 27, 2016.

EBF Company Profile

Ennis, Inc., incorporated on June 29, 1949, and its subsidiaries are principally engaged in the production and sale of business forms, other business products and apparel to clients primarily located in the United States. The Company’s divisions include Print and Apparel. The Print Segment prints and makes a range of business forms and other business products. The Apparel Segment makes and sells activewear throughout the United States, Canada and Mexico primarily through sales representatives.

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