Stock Buzzer: Is Selling Ennis, Inc. Here a Winning Strategy?

Stock Buzzer: Is Selling Ennis, Inc. Here a Winning Strategy?

The stock of Ennis, Inc. (NYSE:EBF) hit a new 52-week low and has $13.69 target or 13.00% below today’s $15.74 share price. The 7 months bearish chart indicates high risk for the $409.38 million company. The 1-year low was reported on Oct, 13 by If the $13.69 price target is reached, the company will be worth $53.22M 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 23,297 shares traded hands. Ennis, Inc. (NYSE:EBF) has declined 19.42% since March 10, 2016 and is downtrending. It has underperformed by 26.94% 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 worsened, 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.
Martingale Asset Mngmt L P has invested 0.03% of its portfolio in Ennis, Inc. (NYSE:EBF). Gargoyle Advisor Ltd Liability Corp accumulated 0.19% or 26,992 shares. Wellington Mgmt Group Ltd Liability Partnership has 0% invested in the company for 30,574 shares. Parametric Portfolio Associate Limited Company has 0% invested in the company for 161,275 shares. Springbok Cap Mngmt holds 0.01% or 5,468 shares in its portfolio. The Massachusetts-based Fmr Lc has invested 0% in Ennis, Inc. (NYSE:EBF). Macquarie Gp Ltd accumulated 0% or 45,800 shares. Citigroup owns 13,988 shares or 0% of their US portfolio. Moreover, Voya Invest Limited Liability has 0% invested in Ennis, Inc. (NYSE:EBF) for 14,152 shares. The Massachusetts-based Winslow Evans And Crocker has invested 0% in Ennis, Inc. (NYSE:EBF). Tudor Investment Corp Et Al last reported 0.01% of its portfolio in the stock. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Ennis, Inc. (NYSE:EBF) for 999 shares. Legal & General Public Limited Co has 3,771 shares for 0% of their US portfolio. Convergence Investment Prtn Limited Com last reported 0.21% of its portfolio in the stock. Blackrock Fund Advsr accumulated 683,422 shares or 0% of the stock.

Insider Transactions: Since April 14, 2016, the stock had 0 insider purchases, and 3 insider sales for $1.74 million net activity. On Monday, April 18 Ahmad Irshad sold $606,666 worth of the stock or 30,983 shares. Another trade for 100 shares valued at $1,995 was made by PRITCHETT KENNETH G on Tuesday, April 26.

More notable recent Ennis, Inc. (NYSE:EBF) news were published by: which released: “Ennis, Inc. Declares Regular Quarterly Dividend & Special Dividend from Sale …” on June 20, 2016, also with their article: “Ennis, Inc. Announces Proposed Sale of Apparel Division and Certain …” published on April 04, 2016, published: “Ennis, Inc., Print Industry Leader Thrives In The Digital Era” on September 16, 2016. More interesting news about Ennis, Inc. (NYSE:EBF) were released by: and their article: “Ennis, Inc. Announces Closing of the Sale of Its Apparel Division” published on May 26, 2016 as well as‘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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