Somewhat Positive Media Coverage Somewhat Unlikely to Affect Electronics for Imaging (EFII) Stock Price
Media coverage about Electronics for Imaging (NASDAQ:EFII) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Electronics for Imaging earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.6505162643808 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts recently issued reports on EFII shares. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price on shares of Electronics for Imaging in a report on Friday, October 13th. Barclays lowered Electronics for Imaging from an “overweight” rating to an “equal weight” rating in a report on Monday, November 6th. Cross Research upgraded Electronics for Imaging from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered Electronics for Imaging from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. Finally, William Blair lowered Electronics for Imaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.22.
Shares of Electronics for Imaging (NASDAQ EFII) opened at $29.07 on Tuesday. The stock has a market capitalization of $1,350.00, a PE ratio of 44.42 and a beta of 1.25. The company has a current ratio of 2.63, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38. Electronics for Imaging has a fifty-two week low of $25.54 and a fifty-two week high of $51.15.
Electronics for Imaging announced that its Board of Directors has initiated a share buyback program on Monday, September 11th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Dan Maydan sold 6,500 shares of Electronics for Imaging stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $30.87, for a total transaction of $200,655.00. Following the sale, the director now owns 33,310 shares in the company, valued at $1,028,279.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $29.93, for a total value of $269,370.00. Following the sale, the chief executive officer now owns 342,450 shares in the company, valued at approximately $10,249,528.50. The disclosure for this sale can be found here. Insiders have sold 33,500 shares of company stock worth $1,120,365 in the last quarter. Insiders own 1.88% of the company’s stock.
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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