Eastman Kodak (NYSE:KODK) Trading Down 5.2% - Should You Sell?

Eastman Kodak Company (NYSE:KODK - Get Free Report) shares traded down 5.2% on Tuesday . The company traded as low as $7.04 and last traded at $7.08. 893,622 shares changed hands during trading, a decline of 18% from the average session volume of 1,085,154 shares. The stock had previously closed at $7.46.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Eastman Kodak from a "hold" rating to a "sell" rating in a research report on Monday, May 12th.

Eastman Kodak Stock Up 0.1%

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 stock has a market capitalization of $554.08 million, a price-to-earnings ratio of 14.00 and a beta of 3.73. The business's 50-day moving average is $6.06 and its two-hundred 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 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 institutional investors and hedge funds have recently bought and sold shares of KODK. Russell Investments Group Ltd. boosted its holdings in Eastman Kodak by 34,542.8% in the 1st quarter. Russell Investments Group Ltd. now owns 272,639 shares of the technology company's stock valued at $1,723,000 after purchasing an additional 271,852 shares during the last quarter. Tenzing Global Management LLC acquired a new position in Eastman Kodak in the 1st quarter valued at about $1,580,000. Susquehanna Fundamental Investments LLC acquired a new position in Eastman Kodak in the 4th quarter valued at about $1,316,000. Segall Bryant & Hamill LLC acquired a new position in shares of Eastman Kodak in the 1st quarter worth approximately $967,000. Finally, GMT Capital Corp lifted its holdings in shares of Eastman Kodak by 17.6% in the 1st quarter. GMT Capital Corp now owns 981,400 shares of the technology company's stock worth $6,202,000 after acquiring an additional 147,205 shares during the last quarter. 33.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Kodak Company Profile

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.