Eastman Kodak (NYSE:KODK) Cut to "Sell" at StockNews.com

StockNews.com downgraded shares of Eastman Kodak (NYSE:KODK - Free Report) from a hold rating to a sell rating in a report released on Monday morning.

Eastman Kodak Stock Down 0.4%

Shares of NYSE KODK traded down $0.03 during mid-day trading on Monday, reaching $6.49. 894,012 shares of the company's stock traded hands, compared to its average volume of 1,018,054. The stock has a market cap of $523.77 million, a P/E ratio of 9.26 and a beta of 3.92. The business has a 50-day simple moving average of $6.24 and a 200 day simple moving average of $6.49. Eastman Kodak has a 1-year low of $4.26 and a 1-year high of $8.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

Institutional Investors Weigh In On Eastman Kodak

Institutional investors have recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new stake in Eastman Kodak in the 1st quarter worth about $27,000. GAMMA Investing LLC grew its position in Eastman Kodak by 1,163.0% in the 1st quarter. GAMMA Investing LLC now owns 7,363 shares of the technology company's stock worth $47,000 after purchasing an additional 6,780 shares in the last quarter. New York State Common Retirement Fund grew its position in Eastman Kodak by 64.4% in the 1st quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company's stock worth $55,000 after purchasing an additional 3,400 shares in the last quarter. Costello Asset Management INC bought a new stake in Eastman Kodak in the 1st quarter worth about $63,000. Finally, Commonwealth Equity Services LLC bought a new stake in Eastman Kodak in the 4th quarter worth about $67,000. 33.65% of the stock is owned by institutional investors.

Eastman Kodak Company Profile

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.