Shares of Eastman Kodak Company (NYSE:KODK - Get Free Report) fell 5.2% during mid-day trading on Tuesday . The company traded as low as $7.04 and last traded at $7.08. 893,622 shares were traded during mid-day trading, a decline of 18% from the average session volume of 1,085,154 shares. The stock had previously closed at $7.46.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of Eastman Kodak from a "hold" rating to a "sell" rating in a research report on Monday, May 12th.
Read Our Latest Research Report on Eastman Kodak
Eastman Kodak Trading Down 10.6%
The company has a quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.84. The company has a market cap of $538.41 million, a price-to-earnings ratio of 13.64 and a beta of 3.73. The company's 50-day moving average is $6.03 and its 200 day moving average is $6.46.
Eastman Kodak (NYSE:KODK - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 8.01% and a net margin of 6.05%.
Institutional Investors Weigh In On Eastman Kodak
A number of hedge funds have recently added to or reduced their stakes in the stock. AlphaQuest LLC acquired a new stake in shares of Eastman Kodak during the 1st quarter worth approximately $27,000. Byrne Asset Management LLC acquired a new position in shares of Eastman Kodak during the second quarter valued at $39,000. GAMMA Investing LLC lifted its stake in shares of Eastman Kodak by 1,163.0% during the first quarter. GAMMA Investing LLC now owns 7,363 shares of the technology company's stock valued at $47,000 after acquiring an additional 6,780 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Eastman Kodak by 64.4% during the first quarter. New York State Common Retirement Fund now owns 8,681 shares of the technology company's stock valued at $55,000 after acquiring an additional 3,400 shares during the period. Finally, Costello Asset Management INC acquired a new position in shares of Eastman Kodak in the 1st quarter valued at $63,000. 33.65% of the stock is currently owned by institutional investors.
About Eastman Kodak
(
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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