Eastman Kodak Company (NYSE:KODK - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.57 and traded as low as $5.76. Eastman Kodak shares last traded at $5.88, with a volume of 782,599 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of Eastman Kodak from a "hold" rating to a "sell" rating in a research note on Monday, May 12th.
Check Out Our Latest Analysis on Eastman Kodak
Eastman Kodak Trading Up 0.9%
The stock has a market capitalization of $474.52 million, a price-to-earnings ratio of 11.99 and a beta of 3.80. The company's 50 day moving average is $6.08 and its 200 day moving average is $6.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.31 and a current ratio of 2.21.
Eastman Kodak (NYSE:KODK - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported ($0.12) EPS for the quarter. Eastman Kodak had a net margin of 6.05% and a return on equity of 8.01%.
Hedge Funds Weigh In On Eastman Kodak
Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in Eastman Kodak by 4.2% during the 1st quarter. Empowered Funds LLC now owns 435,379 shares of the technology company's stock valued at $2,752,000 after purchasing an additional 17,621 shares during the last quarter. Caxton Associates LLP acquired a new position in Eastman Kodak during the 1st quarter valued at $553,000. Tenzing Global Management LLC bought a new stake in Eastman Kodak in the 1st quarter valued at $1,580,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Eastman Kodak by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company's stock valued at $227,000 after buying an additional 1,566 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in Eastman Kodak by 2.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 733,379 shares of the technology company's stock valued at $4,635,000 after buying an additional 17,621 shares during the period. 33.65% of the stock is currently owned by institutional investors and hedge funds.
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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