Eastman Kodak (NYSE:KODK) Downgraded by StockNews.com

StockNews.com cut shares of Eastman Kodak (NYSE:KODKFree Report) from a hold rating to a sell rating in a research note published on Saturday morning.

Eastman Kodak Stock Up 1.9 %

Shares of KODK opened at $5.08 on Friday. The firm has a market capitalization of $406.51 million, a price-to-earnings ratio of 7.93 and a beta of 3.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.47. The business’s fifty day moving average price is $4.79 and its two-hundred day moving average price is $4.13. Eastman Kodak has a 52 week low of $3.33 and a 52 week high of $6.34.

Eastman Kodak (NYSE:KODKGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported $0.30 EPS for the quarter. The firm 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 Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC acquired a new stake in Eastman Kodak during the 3rd quarter worth $42,000. AXQ Capital LP acquired a new stake in Eastman Kodak during the 3rd quarter worth $54,000. IPG Investment Advisors LLC acquired a new stake in Eastman Kodak during the 4th quarter worth $50,000. Tower Research Capital LLC TRC raised its stake in Eastman Kodak by 244.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,687 shares of the technology company’s stock worth $61,000 after buying an additional 11,130 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Eastman Kodak by 835.0% during the 3rd quarter. New York State Common Retirement Fund now owns 22,955 shares of the technology company’s stock worth $97,000 after buying an additional 20,500 shares during the period. Institutional investors and hedge funds own 33.65% of the company’s stock.

Eastman Kodak Company Profile

(Get Free Report)

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.

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