Eastman Kodak (NYSE:KODK) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Eastman Kodak Company (NYSE:KODK) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.44 and traded as high as $8.66. Eastman Kodak shares last traded at $8.5950, with a volume of 1,017,834 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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 currently has a consensus rating of “Sell”.

Eastman Kodak Stock Up 6.4%

The firm has a 50 day simple moving average of $7.52 and a two-hundred day simple moving average of $7.39. The company has a market capitalization of $921.57 million, a PE ratio of -5.28 and a beta of 1.49. The company has a current ratio of 3.14, a quick ratio of 2.32 and a debt-to-equity ratio of 0.34.

Eastman Kodak (NYSE:KODK) last released 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 company had revenue of $290.00 million for the quarter.

Institutional Trading of Eastman Kodak

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in shares of Eastman Kodak by 78.2% in the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after acquiring an additional 2,723 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Eastman Kodak in the second quarter valued at about $45,000. Tower Research Capital LLC TRC lifted its position in 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 valued at $46,000 after purchasing an additional 5,698 shares during the period. Farther Finance Advisors LLC boosted its holdings in Eastman Kodak by 2,394.0% in the 4th quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after purchasing an additional 6,751 shares in the last quarter. Finally, Byrne Asset Management LLC boosted its holdings in Eastman Kodak by 47.8% in the 3rd quarter. Byrne Asset Management LLC now owns 10,170 shares of the technology company’s stock valued at $65,000 after purchasing an additional 3,291 shares in the last quarter. 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.