StockNews.com Upgrades Eastman Kodak (NYSE:KODK) to “Hold”

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

Eastman Kodak Price Performance

Shares of NYSE KODK opened at $5.05 on Tuesday. The stock has a market cap of $404.10 million, a price-to-earnings ratio of 7.88 and a beta of 3.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.47. Eastman Kodak has a fifty-two week low of $3.33 and a fifty-two week high of $6.18. The firm’s 50-day simple moving average is $5.48 and its 200 day simple moving average is $4.89.

Hedge Funds Weigh In On Eastman Kodak

Large investors have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new stake in shares of Eastman Kodak in the second quarter valued at about $33,000. IPG Investment Advisors LLC bought a new stake in Eastman Kodak in the 4th quarter worth about $50,000. CWM LLC increased its stake in Eastman Kodak by 128.4% in the 2nd quarter. CWM LLC now owns 11,410 shares of the technology company’s stock valued at $61,000 after buying an additional 6,415 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 in the last quarter. Finally, Rathbones Group PLC purchased a new position in shares of Eastman Kodak in the 2nd quarter worth approximately $69,000. 33.65% of the stock is currently owned by 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.