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

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

Wall Street Analysts Forecast Growth

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

Eastman Kodak Trading Up 0.2%

The company’s fifty day moving average price is $7.79 and its two-hundred day moving average price is $7.53. 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 firm has a market cap of $1.10 billion, a P/E ratio of -6.30 and a beta of 1.36.

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

Institutional Trading of Eastman Kodak

Several hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Eastman Kodak by 78.2% in 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 in the last quarter. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 6,751 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Eastman Kodak during the 2nd quarter valued at $45,000. Tower Research Capital LLC TRC increased its holdings in Eastman Kodak by 239.7% during the 2nd 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 in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in Eastman Kodak in the 4th quarter valued at $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.