Eastman Kodak (NYSE:KODK) Trading Up 9.9% – What’s Next?

Eastman Kodak Company (NYSE:KODK)’s share price was up 9.9% during mid-day trading on Thursday . The stock traded as high as $9.37 and last traded at $10.2770. Approximately 170,096 shares were traded during trading, a decline of 81% from the average daily volume of 888,066 shares. The stock had previously closed at $9.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Eastman Kodak Stock Performance

The stock’s 50-day moving average price is $7.64 and its 200 day moving average price is $7.46. The firm has a market cap of $1.11 billion, a P/E ratio of -6.32 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.14 and a quick ratio of 2.32.

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

Institutional Trading of Eastman Kodak

A number of hedge funds and other institutional investors have recently modified their holdings of KODK. Denali Advisors LLC bought a new position in Eastman Kodak in the third quarter valued at approximately $836,000. First Eagle Investment Management LLC increased its position in shares of Eastman Kodak by 45.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 734,433 shares of the technology company’s stock worth $4,708,000 after purchasing an additional 231,217 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Eastman Kodak by 50.6% during the 2nd quarter. Marshall Wace LLP now owns 2,711,241 shares of the technology company’s stock worth $15,319,000 after purchasing an additional 910,644 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its holdings in shares of Eastman Kodak by 38.6% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 374,345 shares of the technology company’s stock valued at $2,400,000 after buying an additional 104,345 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in shares of Eastman Kodak in the 3rd quarter valued at approximately $127,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

About Eastman Kodak

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.