Eastman Kodak (NYSE:KODK) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Eastman Kodak (NYSE:KODK) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Eastman Kodak Trading Up 1.5 %

Eastman Kodak stock opened at $5.40 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $5.19 and its two-hundred day simple moving average is $4.53. Eastman Kodak has a 12 month low of $3.33 and a 12 month high of $6.34. The company has a market capitalization of $432.54 million, a price-to-earnings ratio of 8.44 and a beta of 3.66.

Eastman Kodak (NYSE:KODK) last released its earnings results on Thursday, May 9th. The technology company reported $0.30 EPS for the quarter. The business had revenue of $249.00 million for the quarter. Eastman Kodak had a return on equity of 10.61% and a net margin of 6.80%.

Institutional Trading of Eastman Kodak

A number of hedge funds have recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in shares of Eastman Kodak during the third quarter worth about $457,000. AXQ Capital LP purchased a new stake in shares of Eastman Kodak during the third quarter worth about $54,000. SG Americas Securities LLC grew its position in shares of Eastman Kodak by 22.9% during the fourth quarter. SG Americas Securities LLC now owns 31,189 shares of the technology company’s stock worth $122,000 after purchasing an additional 5,805 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of Eastman Kodak during the fourth quarter worth about $126,000. Finally, Krilogy Financial LLC boosted its stake in Eastman Kodak by 112.5% during the fourth quarter. Krilogy Financial LLC now owns 170,000 shares of the technology company’s stock valued at $663,000 after buying an additional 90,000 shares during the last quarter. Hedge funds and other institutional investors own 33.65% of the company’s stock.

About Eastman Kodak

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.