Eastman Kodak (NYSE:KODK) Stock Price Up 8.3% – What’s Next?

Eastman Kodak Company (NYSE:KODK)’s share price rose 8.3% on Friday . The stock traded as high as $9.43 and last traded at $9.6170. Approximately 499,643 shares changed hands during trading, a decline of 41% from the average daily volume of 839,852 shares. The stock had previously closed at $8.88.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Kodak in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Eastman Kodak presently has an average rating of “Sell”.

Eastman Kodak Trading Up 7.3%

The firm has a market capitalization of $928.69 million, a P/E ratio of -5.34 and a beta of 1.49. The stock’s 50-day simple moving average is $7.47 and its two-hundred day simple moving average is $7.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.14 and a quick ratio of 2.32.

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

Institutional Investors Weigh In On Eastman Kodak

A number of institutional investors have recently added to or reduced their stakes in KODK. Quantbot Technologies LP raised its position in shares of Eastman Kodak by 3.8% during the third quarter. Quantbot Technologies LP now owns 37,306 shares of the technology company’s stock valued at $239,000 after buying an additional 1,357 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Eastman Kodak by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock worth $227,000 after acquiring an additional 1,566 shares during the last quarter. AXQ Capital LP grew its stake in Eastman Kodak by 7.9% during the fourth quarter. AXQ Capital LP now owns 21,459 shares of the technology company’s stock valued at $182,000 after acquiring an additional 1,579 shares in the last quarter. Creative Planning increased its holdings in Eastman Kodak by 3.4% in the 2nd quarter. Creative Planning now owns 52,090 shares of the technology company’s stock valued at $294,000 after acquiring an additional 1,726 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Eastman Kodak by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,887 shares of the technology company’s stock worth $135,000 after purchasing an additional 1,964 shares in the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Kodak Company Profile

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.