Eastman Kodak (NYSE:KODK) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Eastman Kodak's stock slipped below its 200-day moving average (200‑day = $7.19), trading as low as $6.72 and last at $6.93 on roughly 600,000 shares, indicating technical weakness.
• Analyst coverage remains bearish with a consensus Sell rating, though Wall Street Zen recently upgraded to Hold while Weiss Ratings reiterated a "sell (d+)" view.
• Kodak is a small-cap, unprofitable company (market cap ≈ $668M, PE -21) with weak liquidity (quick ratio 0.48, current ratio 0.79), while institutions own about 33.7% of the stock.

Eastman Kodak Company (NYSE:KODK - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.19 and traded as low as $6.72. Eastman Kodak shares last traded at $6.93, with a volume of 599,982 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KODK. Wall Street Zen upgraded Eastman Kodak from a "sell" rating to a "hold" rating in a research report on Saturday, November 15th. Weiss Ratings restated a "sell (d+)" rating on shares of Eastman Kodak in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of "Sell".

Eastman Kodak Trading Up 3.0%

The stock's 50 day simple moving average is $7.68 and its 200 day simple moving average is $7.19. The firm has a market cap of $668.05 million, a PE ratio of -21.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.48 and a current ratio of 0.79.

Hedge Funds Weigh In On Eastman Kodak

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP raised its holdings in shares of Eastman Kodak by 3.8% during the 3rd quarter. Quantbot Technologies LP now owns 37,306 shares of the technology company's stock valued at $239,000 after buying an additional 1,357 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Eastman Kodak by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company's stock valued at $227,000 after acquiring an additional 1,566 shares during the last quarter. AXQ Capital LP raised its stake in shares of Eastman Kodak by 7.9% during the fourth quarter. AXQ Capital LP now owns 21,459 shares of the technology company's stock worth $182,000 after acquiring an additional 1,579 shares in the last quarter. Creative Planning lifted its holdings in shares of Eastman Kodak by 3.4% in the 2nd quarter. Creative Planning now owns 52,090 shares of the technology company's stock worth $294,000 after acquiring an additional 1,726 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Eastman Kodak by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,887 shares of the technology company's stock valued at $135,000 after purchasing an additional 1,964 shares in the last quarter. 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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