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Ennis (NYSE:EBF) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Analyst Ratings Net reports.

The analysts wrote, “Ennis (EBF) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferson Research downgraded shares of Ennis from a “buy” rating to a “hold” rating in a research note on Friday, January 10th. Analysts at Thomson Reuters/Verus downgraded shares of Ennis from a “hold” rating to a “sell” rating in a research note on Monday, December 30th.

Ennis (NYSE:EBF) traded up 2.24% during mid-day trading on Wednesday, hitting $15.50. 28,460 shares of the company’s stock traded hands. Ennis has a one year low of $13.54 and a one year high of $19.59. The stock’s 50-day moving average is $15.70 and its 200-day moving average is $17.41. The company has a market cap of $406.5 million and a P/E ratio of 11.40.

Ennis (NYSE:EBF) last released its earnings data on Monday, December 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.04. The company had revenue of $136.55 million for the quarter, compared to the consensus estimate of $140.80 million. Analysts expect that Ennis will post $1.49 EPS for the current fiscal year.

Ennis, Inc (NYSE:EBF) and its subsidiaries print and manufacture a range of business forms and other business products and also manufacture a line of activewear for distribution throughout North America.

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