Eastman Kodak (NYSE:KODK) Sets New 12-Month High – Should You Buy?

Eastman Kodak Company (NYSE:KODK) reached a new 52-week high during trading on Saturday . The stock traded as high as $10.04 and last traded at $9.4520, with a volume of 3093424 shares traded. 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, the stock presently has a consensus rating of “Sell”.

Eastman Kodak Stock Up 6.4%

The company has a quick ratio of 2.32, a current ratio of 3.14 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $921.57 million, a price-to-earnings ratio of -5.28 and a beta of 1.49. The business’s 50-day moving average is $7.52 and its 200-day moving average is $7.39.

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

Institutional Trading of Eastman Kodak

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KODK. Denali Advisors LLC acquired a new position in Eastman Kodak in the 3rd quarter worth about $836,000. First Eagle Investment Management LLC lifted its holdings in Eastman Kodak by 45.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 734,433 shares of the technology company’s stock valued at $4,708,000 after purchasing an additional 231,217 shares in the last quarter. Marshall Wace LLP boosted its position in Eastman Kodak by 50.6% during the second quarter. Marshall Wace LLP now owns 2,711,241 shares of the technology company’s stock worth $15,319,000 after acquiring an additional 910,644 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its holdings in shares of Eastman Kodak by 38.6% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 374,345 shares of the technology company’s stock worth $2,400,000 after purchasing an additional 104,345 shares during the last quarter. Finally, Yakira Capital Management Inc. boosted its stake in Eastman Kodak by 109.5% during the third quarter. Yakira Capital Management Inc. now owns 142,573 shares of the technology company’s stock worth $914,000 after buying an additional 74,524 shares during 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.