Eastman Kodak (NYSE:KODK) Upgraded at ValuEngine

Eastman Kodak (NYSE:KODK) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday, ValuEngine reports.

Shares of KODK stock traded down $0.13 on Friday, hitting $2.53. 118,437 shares of the stock were exchanged, compared to its average volume of 189,589. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $117.17 million, a PE ratio of 8.24 and a beta of 2.35. Eastman Kodak has a one year low of $1.87 and a one year high of $4.44. The firm’s 50 day moving average is $2.61 and its two-hundred day moving average is $2.46.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.25) earnings per share for the quarter. The firm had revenue of $307.00 million for the quarter. Eastman Kodak had a negative return on equity of 10.99% and a net margin of 14.77%.

In other news, insider James V. Continenza purchased 100,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $2.05 per share, for a total transaction of $205,000.00. Following the purchase, the insider now owns 20,000 shares of the company’s stock, valued at $41,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James V. Continenza purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $2.12 per share, with a total value of $42,400.00. Following the purchase, the chairman now directly owns 20,000 shares in the company, valued at approximately $42,400. The disclosure for this purchase can be found here. Insiders have bought a total of 163,250 shares of company stock valued at $337,188 in the last quarter. 19.10% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of KODK. ARK Investment Management LLC grew its stake in shares of Eastman Kodak by 37.4% during the 2nd quarter. ARK Investment Management LLC now owns 20,712 shares of the technology company’s stock worth $50,000 after acquiring an additional 5,643 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Eastman Kodak by 122.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 20,360 shares of the technology company’s stock worth $54,000 after acquiring an additional 11,188 shares during the period. Mid Atlantic Financial Management Inc. ADV bought a new position in shares of Eastman Kodak during the 2nd quarter worth $59,000. Eidelman Virant Capital bought a new position in shares of Eastman Kodak during the 2nd quarter worth $72,000. Finally, Jane Street Group LLC bought a new position in shares of Eastman Kodak during the 2nd quarter worth $127,000. Institutional investors own 50.21% of the company’s stock.

Eastman Kodak Company Profile

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the graphic arts, commercial print, publishing, electronic displays, entertainment and commercial films, and consumer products markets worldwide. The company operates in six segments: Print Systems, Enterprise Inkjet Systems, Software and Solutions, Consumer and Film, Advanced Materials and 3D Printing Technology, and Eastman Business Park.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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