Eastman Kodak (NYSE:KODK) Sees Unusually-High Trading Volume – Still a Buy?

Eastman Kodak (NYSE:KODK) shares saw strong trading volume on Tuesday . 398,632 shares were traded during mid-day trading, a decline of 53% from the previous session’s volume of 846,674 shares.The stock last traded at $6.39 and had previously closed at $6.25.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Eastman Kodak from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

Eastman Kodak Stock Performance

The stock has a market cap of $533.86 million, a price-to-earnings ratio of 9.60 and a beta of 3.64. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $4.92 and a 200 day simple moving average of $5.17.

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

Institutional Trading of Eastman Kodak

Several institutional investors have recently modified their holdings of KODK. Dimensional Fund Advisors LP lifted its holdings in Eastman Kodak by 49.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock worth $10,801,000 after buying an additional 659,991 shares during the period. State Street Corp boosted its holdings in Eastman Kodak by 1.1% in the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock valued at $9,233,000 after acquiring an additional 20,731 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 worth $7,217,000 after purchasing an additional 57,487 shares during the last quarter. Royce & Associates LP lifted its position in shares of Eastman Kodak by 7.4% in the 3rd quarter. Royce & Associates LP now owns 940,334 shares of the technology company’s stock worth $4,438,000 after purchasing an additional 64,680 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Eastman Kodak by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company’s stock valued at $4,448,000 after purchasing an additional 16,693 shares during the last quarter. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Company Profile

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.