Eastman Kodak (NYSE:KODK) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Eastman Kodak shares recently passed above their fifty day moving average, reaching a high of $6.99 before closing at $6.59.
• Weiss Ratings has maintained a "sell (d+)" rating for Eastman Kodak, and the stock currently has an average rating of "Sell" from analysts.
• CEO James V. Continenza and Director Philippe D. Katz have made recent insider purchases, acquiring a total of 60,000 shares at prices around $5.67-$5.74 per share.

Eastman Kodak Company (NYSE:KODK - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.19 and traded as high as $6.99. Eastman Kodak shares last traded at $6.59, with a volume of 1,033,195 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Eastman Kodak in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of "Sell".

Eastman Kodak Trading Down 5.0%

The company has a market cap of $533.79 million, a price-to-earnings ratio of -65.90 and a beta of 1.49. The firm has a 50 day moving average price of $6.19 and a two-hundred day moving average price of $6.19. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.02.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The technology company reported ($0.30) earnings per share for the quarter. The company had revenue of $263.00 million during the quarter. Eastman Kodak had a net margin of 1.06% and a return on equity of 2.32%.

Insider Buying and Selling

In other news, CEO James V. Continenza acquired 50,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $5.74 per share, for a total transaction of $287,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,902,011 shares in the company, valued at $10,917,543.14. This represents a 2.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Philippe D. Katz acquired 10,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $5.67 per share, with a total value of $56,700.00. Following the completion of the transaction, the director owned 180,026 shares of the company's stock, valued at $1,020,747.42. This trade represents a 5.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 23.87% of the company's stock.

Institutional Trading of Eastman Kodak

Large investors have recently bought and sold shares of the business. AlphaQuest LLC acquired a new stake in Eastman Kodak during the first quarter worth approximately $27,000. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 2,723 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Eastman Kodak during the 2nd quarter worth approximately $39,000. Headlands Technologies LLC acquired a new stake in shares of Eastman Kodak during the 2nd quarter worth approximately $45,000. Finally, Tower Research Capital LLC TRC grew its position 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 worth $46,000 after buying an additional 5,698 shares during the period. 33.65% of the stock is currently owned by institutional investors and hedge funds.

About Eastman Kodak

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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