Why Ennis (EBF) Stock Closed Lower Today

NEW YORK (TheStreet) -- Shares of Ennis Inc. (EBF) closed lower -1.15% to $15.41 after the company, which is primarily engaged in the production and sale of business forms, apparel, and other business products, reported a decline in net income for the 2014 first quarter to $8 million, or 31 cents per share, compared to $8.5 million, or 33 cents per share from the year ago period.

However, Ennis did report an increase in revenue for the most recent quarter to $141.2 million, from $138.5 million for the 2013 first quarter.

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Separately, TheStreet Ratings team rates ENNIS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate ENNIS INC (EBF) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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