Eastman Kodak (NYSE:KODK) Trading Up 9.9% – What’s Next?

Shares of Eastman Kodak Company (NYSE:KODK) traded up 9.9% during trading on Thursday . The stock traded as high as $9.37 and last traded at $10.2770. 170,096 shares were traded during trading, a decline of 81% from the average session volume of 888,066 shares. The stock had previously closed at $9.35.

Analysts Set New Price Targets

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

Eastman Kodak Price Performance

The company has a current ratio of 3.14, a quick ratio of 2.32 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.11 billion, a P/E ratio of -6.32 and a beta of 1.49. The company has a fifty day simple moving average of $7.64 and a two-hundred day simple moving average of $7.46.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KODK. Virtu Financial LLC bought a new position in shares of Eastman Kodak in the 4th quarter worth $134,000. Empowered Funds LLC increased its holdings in Eastman Kodak by 10.9% in the fourth quarter. Empowered Funds LLC now owns 353,909 shares of the technology company’s stock valued at $2,994,000 after purchasing an additional 34,646 shares during the last quarter. XTX Topco Ltd lifted its stake in Eastman Kodak by 17.3% in the fourth quarter. XTX Topco Ltd now owns 65,967 shares of the technology company’s stock valued at $558,000 after buying an additional 9,744 shares during the period. Voloridge Investment Management LLC acquired a new position in Eastman Kodak in the fourth quarter valued at about $475,000. Finally, Tudor Investment Corp ET AL bought a new position in Eastman Kodak during the fourth quarter worth about $116,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

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.