Eastman Kodak (NYSE:KODK) Stock Price Up 5.7% – Should You Buy?

Shares of Eastman Kodak Company (NYSE:KODK) traded up 5.7% during mid-day trading on Wednesday . The company traded as high as $8.19 and last traded at $8.12. 544,112 shares were traded during trading, a decline of 28% from the average session volume of 754,524 shares. The stock had previously closed at $7.68.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Eastman Kodak currently has a consensus rating of “Sell”.

Eastman Kodak Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.32 and a current ratio of 3.14. The stock has a market capitalization of $786.83 million, a PE ratio of -4.51 and a beta of 1.49. The stock’s 50 day moving average is $7.40 and its two-hundred day moving average is $7.27.

Eastman Kodak (NYSE:KODK) last announced its earnings results on Thursday, March 12th. The technology company reported ($1.23) EPS for the quarter. The firm had revenue of $290.00 million for the quarter. Eastman Kodak had a negative net margin of 11.97% and a negative return on equity of 19.99%.

Institutional Investors Weigh In On Eastman Kodak

A number of hedge funds have recently modified their holdings of KODK. Quantbot Technologies LP boosted its position in Eastman Kodak by 3.8% during the third quarter. Quantbot Technologies LP now owns 37,306 shares of the technology company’s stock worth $239,000 after acquiring an additional 1,357 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Eastman Kodak by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock valued at $227,000 after acquiring an additional 1,566 shares during the last quarter. AXQ Capital LP lifted its stake in Eastman Kodak by 7.9% in the 4th quarter. AXQ Capital LP now owns 21,459 shares of the technology company’s stock worth $182,000 after purchasing an additional 1,579 shares in the last quarter. Creative Planning boosted its holdings in shares of Eastman Kodak by 3.4% during the 2nd quarter. Creative Planning now owns 52,090 shares of the technology company’s stock worth $294,000 after purchasing an additional 1,726 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Eastman Kodak by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,887 shares of the technology company’s stock worth $135,000 after purchasing an additional 1,964 shares during the last quarter. 33.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Kodak Company Profile

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.