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

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

Eastman Kodak Stock Up 2.9 %

Eastman Kodak stock opened at $4.94 on Monday. The firm has a market capitalization of $395.69 million, a P/E ratio of 7.72 and a beta of 3.66. The stock’s fifty day simple moving average is $5.56 and its 200-day simple moving average is $4.84. Eastman Kodak has a twelve month low of $3.33 and a twelve month high of $6.18. The company has a current ratio of 2.47, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47.

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

Institutional Investors Weigh In On Eastman Kodak

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Eastman Kodak by 22.9% in the fourth quarter. SG Americas Securities LLC now owns 31,189 shares of the technology company’s stock valued at $122,000 after purchasing an additional 5,805 shares in the last quarter. Krilogy Financial LLC lifted its position in shares of Eastman Kodak by 112.5% during the 4th quarter. Krilogy Financial LLC now owns 170,000 shares of the technology company’s stock worth $663,000 after buying an additional 90,000 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Eastman Kodak by 103.7% in the 4th quarter. Jump Financial LLC now owns 104,881 shares of the technology company’s stock valued at $409,000 after buying an additional 53,381 shares in the last quarter. IPG Investment Advisors LLC purchased a new position in shares of Eastman Kodak during the fourth quarter worth about $50,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Eastman Kodak by 244.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,687 shares of the technology company’s stock valued at $61,000 after purchasing an additional 11,130 shares during the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.

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.