Electronics for Imaging, Inc. (NASDAQ:EFII) Experiences Heavier than Average Trading Volume

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Trading volume for Electronics for Imaging, Inc. was 935K by the end of trading on Thursday. Volume was up 190.06% over the stocks average daily volume.

Electronics for Imaging, Inc. (NASDAQ:EFII) has been the object of insider selling activity recently. CEO Guy Gecht let go of 13,746 shares at a price of $48.38 on Fri the 28th. Gecht now owns $17,647,089 of stock per an SEC filing yesterday. Guy Gecht, CEO disclosed the sale of 13,712 shares of (EFII). The shares sold for $47.65. Gecht now owns $17,661,377 of the stock according to the SEC filing.

These funds have also shifted positions in (EFII). Westwood Holdings Group Inc added to its position by buying 75,045 shares an increase of 7.7% in the quarter. Westwood Holdings Group Inc now controls 1,055,845 shares with a value of $49,629,000. The value of the position overall is up by 3.6%. As of quarter end Walthausen & Co., LLC had disposed of 8,520 shares trimming its stake by 2.3%. The value of the total investment in Electronics for Imaging, Inc. went from $18,413,000 to $17,463,000 decreasing 5.2% quarter to quarter.

As of the end of the quarter Castleark Management LLC had sold a total of 12,101 shares trimming its position 6.2%. The value in dollars increased from $8,317,000 to $8,723,000 a change of $406,000 quarter over quarter. Piedmont Investment Advisors LLC expanded its holdings by buying 10,001 shares an increase of 21,741.3%. Piedmont Investment Advisors LLC claims 10,047 shares valued at $476,000. The total value of its holdings increased 23,700.0%.

On August 4, 2017 the stock rating was set at “Underweight” according to a Morgan Stanley report which was a cut from the previous “Equal-weight” rating. On July 24, 2017 Loop Capital released its first research report on the stock setting a rating of “Buy”.

On June 22 the company was downgraded to “Neutral” from “Buy” by Longbow Research. Aegis Capital starting coverage on EFII by announcing an initial rating of “Buy”.

The company is down from yesterday’s close of $32.72. It is currently trading at $32.04 impressively lower than the 50 day moving average of $41.90 and which is significantly lower than the 200 day moving average of $45.92. The 50 day moving average went down by -23.52% and the 200 day average went down $-13.88 or -30.23%.

The most current P/E ratio is 31.66 and market cap is 1.49B. In the latest earnings report the EPS was $1.01 and is expected to be $2.54 for the current year with 46,520,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.64 and the next full year EPS is anticipated to be $2.90.

Electronics For Imaging, Inc. (EFI), launched on November 21, 1988, is involved 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. The Company operates through three segments: Industrial Inkjet, Productivity Software and Fiery. The Business’s products include industrial super-wide and wide format display graphics, label and packaging, textile, and ceramic tile decoration digital inkjet printers that utilize its digital ink, industrial digital inkjet printer parts, and professional services; print production workflow, Web-to-print, cross-media marketing, fashion design, and business process automation solutions, and color printing digital front ends (DFEs) creating an digital printing ecosystem. Its ink includes digital ultra-violet (UV) curable, light emitting diode (LED) curable, ceramic, water-based and thermoforming ink, as well as a range of textile ink, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye and water-based dispersed printing ink. Its business process automation solutions are integrated from creation to print and are vertically integrated with its industrial digital inkjet printers and products produced by production digital color page printer manufacturers..