Electronics For Imaging, Inc. (NASDAQ:EFII)’s share price rose 7.5% during mid-day trading on Friday . The company traded as high as $30.54 and last traded at $30.36. Approximately 1,565,700 shares were traded during trading, an increase of 163% from the average daily volume of 594,465 shares. The stock had previously closed at $28.24.
EFII has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine lowered shares of Electronics For Imaging from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Barclays lowered shares of Electronics For Imaging from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $33.00 to $31.00 in a report on Wednesday, January 10th. Stifel Nicolaus lifted their target price on shares of Electronics For Imaging from $36.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Griffin Securities reaffirmed a “buy” rating on shares of Electronics For Imaging in a report on Thursday, February 1st. Four research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.78.
The company has a current ratio of 2.58, a quick ratio of 2.14 and a debt-to-equity ratio of 0.41. The company has a market cap of $1,298.54, a price-to-earnings ratio of -85.58, a price-to-earnings-growth ratio of 39.47 and a beta of 1.09.
Electronics For Imaging (NASDAQ:EFII) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). The firm had revenue of $269.20 million for the quarter, compared to analysts’ expectations of $264.62 million. Electronics For Imaging had a negative net margin of 1.54% and a positive return on equity of 1.46%. Electronics For Imaging’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. equities analysts predict that Electronics For Imaging, Inc. will post 0.24 EPS for the current fiscal year.
In related news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $29.65, for a total value of $266,850.00. Following the completion of the sale, the chief executive officer now owns 333,450 shares of the company’s stock, valued at approximately $9,886,792.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 36,000 shares of company stock valued at $1,061,640. 1.88% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EFII. Elkfork Partners LLC purchased a new stake in Electronics For Imaging in the 4th quarter worth $156,000. Campbell & CO Investment Adviser LLC purchased a new stake in Electronics For Imaging in the 3rd quarter worth $213,000. Catalyst Capital Advisors LLC purchased a new stake in Electronics For Imaging in the 3rd quarter worth $286,000. FDx Advisors Inc. purchased a new stake in Electronics For Imaging in the 3rd quarter worth $290,000. Finally, Royal Bank of Canada increased its holdings in Electronics For Imaging by 202.8% in the 2nd quarter. Royal Bank of Canada now owns 7,209 shares of the technology company’s stock worth $342,000 after acquiring an additional 4,828 shares in the last quarter.
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Electronics For Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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