Eastman Kodak (NYSE:KODK) Hits New 52-Week High - Still a Buy?

Key Points

• Shares of Eastman Kodak hit a new 52-week high, trading as high as $11.61 (last $11.2730) on volume ~6.6M and were up roughly 20.6% from the prior close of $9.35.
• Analysts remain bearish — Weiss Ratings reaffirmed a “Sell (D+)” and MarketBeat reports an average rating of Sell.
• Fundamentals are mixed: Kodak reported (−$1.23) EPS with negative net margin (−11.97%) and ROE (−19.99%) and a negative PE, but it shows strong liquidity (quick ratio 2.32, current ratio 3.14) and modest leverage (debt/equity 0.34) with a market cap around $1.10B.

Shares of Eastman Kodak Company (NYSE:KODK - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $11.61 and last traded at $11.2730, with a volume of 6601576 shares. The stock had previously closed at $9.35.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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, According to data from MarketBeat, the stock has an average rating of "Sell".

Eastman Kodak Trading Up 20.6%

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 $1.10 billion, a PE ratio of -6.30 and a beta of 1.36. The stock's fifty day moving average price is $7.72 and its two-hundred day moving average price is $7.49.

Eastman Kodak (NYSE:KODK - Get Free Report) 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 net margin of 11.97% and a negative return on equity of 19.99%. The business had revenue of $290.00 million for the quarter.

Institutional Trading of Eastman Kodak

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in 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. Farther Finance Advisors LLC raised 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 worth $59,000 after purchasing an additional 6,751 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Eastman Kodak in the 2nd quarter worth about $45,000. Tower Research Capital LLC TRC boosted its stake in shares of 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. purchased a new position in shares of Eastman Kodak during the fourth quarter valued at about $71,000. Hedge funds and other institutional investors own 33.65% of the company's stock.

Eastman Kodak Company Profile

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.

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