Eastman Kodak (NYSE:KODK) Reaches New 52-Week High - Here's What Happened

Key Points

• Eastman Kodak shares hit a new 52-week high, trading as high as $12.73 and last at $12.39 on Wednesday with roughly 1.74 million shares changing hands.
• Weiss Ratings upgraded Kodak from "sell (d+)" to "hold (c-)," and MarketBeat's consensus rating for the stock remains Hold.
• The company has a market cap of $1.21 billion, reported negative EPS of ($1.23) and a negative net margin (~-11.97%), yet the stock trades well above its 50- and 200-day moving averages ($8.41 and $7.82); institutional investors own about 33.7% of the shares.

Eastman Kodak Company (NYSE:KODK - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $12.73 and last traded at $12.39, with a volume of 1737404 shares changing hands. The stock had previously closed at $11.95.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Eastman Kodak from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Eastman Kodak presently has a consensus rating of "Hold".

Eastman Kodak Stock Performance

The firm has a market capitalization of $1.21 billion, a P/E ratio of -6.92 and a beta of 1.36. 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 company has a 50-day moving average of $8.41 and a 200-day moving average of $7.82.

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

Institutional Trading of Eastman Kodak

A number of large investors have recently bought and sold shares of KODK. BNP Paribas Financial Markets grew its holdings in Eastman Kodak by 78.2% during 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 during the period. Headlands Technologies LLC acquired a new stake in Eastman Kodak during the 2nd quarter worth about $45,000. Tower Research Capital LLC TRC grew 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 worth $46,000 after acquiring an additional 5,698 shares during the period. Farther Finance Advisors LLC grew its holdings 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 period. Finally, Byrne Asset Management LLC grew its holdings in Eastman Kodak by 47.8% during the 3rd quarter. Byrne Asset Management LLC now owns 10,170 shares of the technology company's stock worth $65,000 after acquiring an additional 3,291 shares during the period. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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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