Electronics for Imaging, Inc. (NASDAQ:EFII) shares hit a new 52-week low on Friday . The company traded as low as $27.92 and last traded at $28.00, with a volume of 12,571,193 shares. The stock had previously closed at $47.66.

A number of research analysts recently weighed in on EFII shares. TheStreet raised Electronics for Imaging from a “c+” rating to a “b-” rating in a report on Monday, June 5th. BidaskClub lowered Electronics for Imaging from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Loop Capital started coverage on Electronics for Imaging in a report on Monday, July 24th. They set a “buy” rating and a $58.00 price objective on the stock. Aegis started coverage on Electronics for Imaging in a report on Tuesday, June 13th. They set a “buy” rating and a $58.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $53.00 price objective (down previously from $54.00) on shares of Electronics for Imaging in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Electronics for Imaging presently has a consensus rating of “Hold” and an average price target of $54.67.

The firm’s 50 day moving average is $48.54 and its 200-day moving average is $47.28. The stock has a market cap of $1.23 billion, a P/E ratio of 26.1586 and a beta of 1.23.

In other news, Director Thomas Georgens sold 25,000 shares of Electronics for Imaging stock in a transaction on Friday, May 12th. The stock was sold at an average price of $46.56, for a total transaction of $1,164,000.00. Following the transaction, the director now directly owns 68,500 shares in the company, valued at approximately $3,189,360. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Guy Gecht sold 13,712 shares of Electronics for Imaging stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $47.57, for a total value of $652,279.84. Following the transaction, the chief executive officer now owns 392,648 shares in the company, valued at $18,678,265.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,176 shares of company stock worth $3,563,183. 1.88% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Electronics for Imaging during the second quarter worth about $108,000. Strs Ohio boosted its position in shares of Electronics for Imaging by 91.7% in the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock worth $112,000 after buying an additional 1,100 shares during the last quarter. Tyers Asset Management LLC boosted its position in shares of Electronics for Imaging by 9.3% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the technology company’s stock worth $112,000 after buying an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Electronics for Imaging by 83.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock worth $112,000 after buying an additional 1,037 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of Electronics for Imaging by 156.1% in the first quarter. Acrospire Investment Management LLC now owns 2,305 shares of the technology company’s stock worth $113,000 after buying an additional 1,405 shares during the last quarter.

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About Electronics for Imaging

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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