(EFII), a global company that provides industrial format display graphics, label and packaging, textile, and ceramic tile decoration digital inkjet printers yesterday reported their first quarter 2017 financial results.
Electronics reported first quarter adjusted earnings of $0.55 per share which fell short of analyst expectations of $0.56 per share .
Taking a look at the daily chart we can see that the last time EFII traded below these levels we have to go back to January 19th when it traded at $43.72.
Taking a closer look at the daily chart we can see that before the spike down EFII had been in an overall upward trend dating back to November 4th, 2016 when it traded at $41.26.
The company’s Industrial Inkjet segment offers VUTEk and Matan format display graphics, Reggiani textile, Jetrion label and packaging, and Cretaprint ceramic tile decoration and construction material digital inkjet printers; ultra-violet curable, light emitting diode curable, ceramic, water-based, and thermoforming ink, as well as a variety of textile ink, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing ink; digital inkjet printer parts; and professional services.