In a filing, Ennis Inc. revealed its General Counsel & Secretary GUS DANIEL acquired Company’s shares for reported $38380.0 on May 08. In the deal valued at $19.19 per share,2,000 shares were bought. As a result of this transaction, GUS DANIEL now holds 5,373 shares worth roughly $ 0.12 million.
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Macquarie upgraded its Ennis Inc. [EBF] rating to a Neutral from a an Underperform in a research note published on Friday.
Price Performance Review of EBF
On Friday, Ennis Inc. [NYSE:EBF] saw its stock jump 1.03% to $21.52. On the same session, the stock had its day’s lowest price of $21.42, but rose to a high of $21.58. Over the last five days, the stock has gained 0.19%. Ennis Inc. shares have fallen nearly -2.89% since the year began. Nevertheless, the stocks have risen 1.37% over the past one year. While a 52-week high of $23.48 was reached on 01/04/23, a 52-week low of $18.94 was recorded on 05/04/23. SMA at 50 days reached $21.08, while 200 days put it at $21.18. A total of 51277.0 shares were traded, compared to the trading of 76500.0 shares in the previous session.
Levels Of Support And Resistance For EBF Stock
The 24-hour chart illustrates a support level at 21.43, which if violated will result in even more drops to 21.35. On the upside, there is a resistance level at 21.59. A further resistance level may holdings at 21.67. The Relative Strength Index (RSI) on the 14-day chart is 53.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.50%. Stochastics %K at 25.80% indicates the stock is a holding.
How much short interest is there in Ennis Inc.?
A steep rise in short interest was recorded in Ennis Inc. stocks on Aug 14, 2023, growing by 0.13 million shares to a total of 0.52 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.39 million shares. There was a rise of 24.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.07% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.69.
Ennis Inc. [EBF] – Who Are The Largest Shareholders?
In filings from Dimensional Fund Advisors LP, it is revealed that the company now owns 2,074,148 shares, or roughly 8.02% of the outstanding EBF shares. In other words, the investor’s shares have fallen by -32,614 from its previous 13-F filing of 2106762.0. Additionally, BlackRock Fund Advisors increased 5.69% of its stake after which the total value it holdings stand at $38,871,989, while The Vanguard Group, Inc. reduced -0.49% of its stake to hold $38.25 million in the firm. Over the last quarter, Allspring Global Investments LLC sold -4,340 shares of Ennis Inc., while Renaissance Technologies LLC sold 100 shares. At present, Royce & Associates LP is holding 1,453,819 shares valued at $31.32 million. Charles Schwab Investment Managem owned 689,812 shares of the company at the time of its most recent 13F filing, worth $14.86 million.
According to FactSet, Ennis Inc.’s share price will average $27.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.76 percent from its previous closing price of $21.30. Analysts expect Ennis Inc. stock to reach the higher price of $27.00, while the lowest price estimate is $27.00. However, 1 analyst have rated EBF stock as a Buy in their predictions for 2023.