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

Key Points

• Eastman Kodak hit a new 52-week high, trading as high as $14.87 (last at $14.24) with roughly 1.46 million shares changing hands and trading up about 1.2%.
• Analysts are split—Wall Street Zen upgraded the stock to a "buy" while Weiss Ratings downgraded it to a "sell", and MarketBeat shows a consensus rating of "Sell".
• Fundamentals remain weak: last quarter EPS was ($1.23), the company reports negative ROE and net margin, has a market cap of about $1.39 billion, and roughly 33.7% of shares are held by institutions.

Eastman Kodak Company (NYSE:KODK - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.87 and last traded at $14.2420, with a volume of 1463776 shares traded. The stock had previously closed at $14.08.

Analysts Set New Price Targets

A number of analysts have issued reports on KODK shares. Wall Street Zen raised Eastman Kodak from a "hold" rating to a "buy" rating in a research note on Saturday, April 25th. Weiss Ratings lowered Eastman Kodak from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".

Eastman Kodak Trading Up 1.2%

The business has a fifty day moving average price of $9.69 and a 200 day moving average price of $8.36. The company has a market capitalization of $1.39 billion, a PE ratio of -7.96 and a beta of 1.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.32 and a current ratio of 3.14.

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

Hedge Funds Weigh In On Eastman Kodak

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of Eastman Kodak by 78.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company's stock worth $35,000 after purchasing an additional 2,723 shares during the period. Headlands Technologies LLC purchased a new position in shares of Eastman Kodak in the 2nd quarter worth about $45,000. Tower Research Capital LLC TRC raised its holdings 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 buying an additional 5,698 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of 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 valued at $59,000 after buying an additional 6,751 shares during the period. Finally, Byrne Asset Management LLC raised its holdings in shares of Eastman Kodak by 47.8% during the 3rd quarter. Byrne Asset Management LLC now owns 10,170 shares of the technology company's stock valued at $65,000 after buying an additional 3,291 shares during the period. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

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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