Eastman Kodak (NYSE:KODK) Stock Crosses Above 50-Day Moving Average – Here’s Why

by · The Cerbat Gem

Eastman Kodak Company (NYSE:KODK – Get Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.37 and traded as high as $8.55. Eastman Kodak shares last traded at $8.3050, with a volume of 1,040,437 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KODK shares. Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, October 8th. Wall Street Zen upgraded Eastman Kodak from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on KODK

Eastman Kodak Price Performance

The stock’s 50-day moving average is $7.37 and its 200 day moving average is $6.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.48 and a current ratio of 0.79. The stock has a market capitalization of $800.60 million, a PE ratio of -25.17 and a beta of 1.45.

Eastman Kodak (NYSE:KODK – Get Free Report) last announced its earnings results on Thursday, November 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $269.00 million during the quarter. Eastman Kodak had a net margin of 0.57% and a return on equity of 1.72%.

Insider Buying and Selling at Eastman Kodak

In other Eastman Kodak news, SVP Roger W. Byrd sold 19,744 shares of Eastman Kodak stock in a transaction on Monday, November 10th. The shares were sold at an average price of $8.00, for a total value of $157,952.00. Following the transaction, the senior vice president directly owned 59,266 shares in the company, valued at approximately $474,128. The trade was a 24.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Philippe D. Katz bought 5,000 shares of Eastman Kodak stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of $7.35 per share, with a total value of $36,750.00. Following the completion of the acquisition, the director directly owned 185,026 shares of the company’s stock, valued at approximately $1,359,941.10. The trade was a 2.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 23.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eastman Kodak

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Eastman Kodak by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 4,102,092 shares of the technology company’s stock valued at $25,925,000 after acquiring an additional 104,703 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Eastman Kodak by 6.0% in the third quarter. Marshall Wace LLP now owns 2,875,197 shares of the technology company’s stock valued at $18,430,000 after purchasing an additional 163,956 shares during the period. Geode Capital Management LLC raised its stake in shares of Eastman Kodak by 3.4% during the second quarter. Geode Capital Management LLC now owns 1,636,651 shares of the technology company’s stock worth $9,249,000 after purchasing an additional 53,959 shares during the last quarter. GMT Capital Corp lifted its holdings in shares of Eastman Kodak by 17.6% during the first quarter. GMT Capital Corp now owns 981,400 shares of the technology company’s stock worth $6,202,000 after purchasing an additional 147,205 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in Eastman Kodak by 3.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 760,108 shares of the technology company’s stock valued at $4,295,000 after buying an additional 26,729 shares during the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.

About Eastman Kodak

(Get Free Report)

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.

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