StockNews.com downgraded shares of Eastman Kodak (NYSE:KODK - Free Report) from a hold rating to a sell rating in a research report released on Monday morning.
Eastman Kodak Stock Down 0.4%
Shares of KODK stock traded down $0.03 during trading hours on Monday, hitting $6.49. 893,596 shares of the company's stock traded hands, compared to its average volume of 1,016,411. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The stock's fifty day simple moving average is $6.24 and its two-hundred day simple moving average is $6.49. Eastman Kodak has a 12-month low of $4.26 and a 12-month high of $8.24. The stock has a market cap of $523.77 million, a price-to-earnings ratio of 9.26 and a beta of 3.92.
Eastman Kodak (NYSE:KODK - Get Free Report) last announced 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 Trading of Eastman Kodak
Several institutional investors have recently bought and sold shares of KODK. AlphaQuest LLC purchased a new position in Eastman Kodak in the first quarter worth about $27,000. GAMMA Investing LLC raised its holdings 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 acquiring an additional 6,780 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Eastman Kodak by 64.4% during the 1st quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company's stock valued at $55,000 after purchasing an additional 3,400 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Eastman Kodak in the 1st quarter worth $63,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Eastman Kodak in the 4th quarter worth $67,000. 33.65% of the stock is owned by hedge funds and other institutional investors.
Eastman Kodak Company Profile
(
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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