Eastman Kodak (NYSE:KODK) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Eastman Kodak Company (NYSE:KODK) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.11 and traded as low as $7.60. Eastman Kodak shares last traded at $7.6420, with a volume of 648,917 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wall Street Zen lowered shares of Eastman Kodak from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded Eastman Kodak from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Eastman Kodak has an average rating of “Sell”.

Eastman Kodak Stock Performance

The stock has a 50-day simple moving average of $9.28 and a 200-day simple moving average of $9.11. The stock has a market cap of $748.23 million, a PE ratio of -4.06 and a beta of 1.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 1.71.

Eastman Kodak (NYSE:KODK) last posted its earnings results on Thursday, May 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $265.00 million during the quarter. Eastman Kodak had a negative net margin of 12.60% and a negative return on equity of 21.13%.

Institutional Trading of Eastman Kodak

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