Home / Market Movers / Electronics for Imaging Inc. (EFII) Loses 9.58% Shortly After Opening Bell on April 21

Electronics for Imaging Inc. (EFII) Loses 9.58% Shortly After Opening Bell on April 21

Electronics for Imaging Inc. (EFII) started the trading day on a down note, making it one of the worst performing stocks in the technology sector of NYSE and NASDAQ listed companies shortly after the opening bell on April 21. Shares of EFII have fallen 9.58% about 30 minutes into the session to $45.98 after closing the day prior at $50.85. It’s early, but the stock has traded as high as $46.98 and as low as $45.27 so far. Today’s quick decline has come with about 563,524 shares changing hands, compared to an average 30-day volume of 395,115 for Electronics for Imaging Inc.. The price is currently below the 30-day volume weighted average price of $46.19 for EFII.

The share depreciation gives the company a market capitalization of $2.36 billion based upon 46.43 million shares outstanding. It also means that EFII has a price-to-book ratio of 2.82:1.

In the past 52 weeks, shares of EFII have traded as low as $38.0 and as high as $51.15. Technical traders will take note that at $45.98, shares of EFII are trading above their 200-day MA at $45.51 and below their 50-day MA at $47.4. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is EFII?

Electronics for Imaging Inc is a digital printing innovation company engaged in the transformation of printing, packaging and ceramic tile decorative industries from the use of traditional analog based presses to digital on-demand printing. The company’s 3235 employees are led by CEO Guy Gecht from the corporate headquarters at 6750 Dumbarton Circle in Fremont, CA.


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