Eastman Kodak (NYSE:KODK) Stock Price Up 5.7% – Here’s What Happened

Eastman Kodak Company (NYSE:KODK) shot up 5.7% on Wednesday . The company traded as high as $8.19 and last traded at $8.12. 544,112 shares traded hands during trading, a decline of 28% from the average session volume of 754,524 shares. The stock had previously closed at $7.68.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Eastman Kodak Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 3.14 and a quick ratio of 2.32. The company has a market capitalization of $786.83 million, a PE ratio of -4.51 and a beta of 1.49. The firm’s fifty day simple moving average is $7.40 and its 200 day simple moving average is $7.27.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings data on Thursday, March 12th. The technology company reported ($1.23) earnings per share for the quarter. The company had revenue of $290.00 million for the quarter. Eastman Kodak had a negative net margin of 11.97% and a negative return on equity of 19.99%.

Hedge Funds Weigh In On Eastman Kodak

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in Eastman Kodak by 78.2% during the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock worth $35,000 after buying an additional 2,723 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Eastman Kodak by 2,394.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after buying an additional 6,751 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Eastman Kodak in the second quarter worth about $45,000. Tower Research Capital LLC TRC raised its position in shares of Eastman Kodak by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock worth $46,000 after acquiring an additional 5,698 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Eastman Kodak during the 4th quarter worth about $71,000. 33.65% of the stock is owned by hedge funds and other institutional investors.

About Eastman Kodak

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.