Eastman Kodak (NYSE:KODK) Trading Down 3.3% – Time to Sell?

Eastman Kodak (NYSE:KODK)’s share price dropped 3.3% on Friday . The company traded as low as $7.12 and last traded at $7.09. Approximately 327,248 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 1,173,605 shares. The stock had previously closed at $7.33.

Eastman Kodak Trading Down 2.0 %

The company has a 50 day moving average of $6.43 and a two-hundred day moving average of $5.56. The stock has a market capitalization of $577.67 million, a PE ratio of 10.29 and a beta of 3.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $261.00 million for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

Insiders Place Their Bets

In other news, Director Philippe D. Katz bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the transaction, the director now directly owns 170,026 shares in the company, valued at approximately $1,105,169. This represents a 3.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Sileck purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the acquisition, the director now owns 107,940 shares in the company, valued at $757,738.80. This trade represents a 10.21 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.86% of the company’s stock.

Institutional Trading of Eastman Kodak

A number of hedge funds and other institutional investors have recently made changes to their positions in KODK. Victory Capital Management Inc. acquired a new position in Eastman Kodak during the third quarter valued at $635,000. Geode Capital Management LLC raised its stake in shares of Eastman Kodak by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock valued at $7,217,000 after buying an additional 57,487 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Eastman Kodak by 77.9% in the second quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock worth $3,848,000 after buying an additional 313,191 shares during the last quarter. State Street Corp grew its holdings in Eastman Kodak by 1.1% during the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock worth $9,233,000 after acquiring an additional 20,731 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Eastman Kodak during the second quarter worth about $2,197,000. Institutional investors and hedge funds 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.