Eastman Kodak (NYSE:KODK) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Eastman Kodak shares crossed above their 50-day moving average (50‑day = $7.44), trading as high as $8.66 and last at $8.5950 on a volume of 1,017,834 shares.
• Analyst sentiment is negative: Weiss Ratings reiterated a "sell (d+)" and MarketBeat shows a consensus rating of Sell (one analyst currently flagged as Sell).
• Recent fundamentals are weak: the company reported quarterly EPS of ($1.23), revenue of $290M, a negative ROE (~-19.99%) and net margin (-11.97%), though liquidity ratios are healthy (current ratio 3.14, quick ratio 2.32) and market cap is about $838M.

Eastman Kodak Company (NYSE:KODK - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.44 and traded as high as $8.66. Eastman Kodak shares last traded at $8.5950, with a volume of 1,017,834 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Eastman Kodak in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Eastman Kodak currently has a consensus rating of "Sell".

Eastman Kodak Stock Performance

The company has a quick ratio of 2.32, a current ratio of 3.14 and a debt-to-equity ratio of 0.34. The firm has a market cap of $838.01 million, a P/E ratio of -4.80 and a beta of 1.49. The business has a fifty day simple moving average of $7.44 and a 200-day simple moving average of $7.35.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The technology company reported ($1.23) earnings per share (EPS) for the quarter. Eastman Kodak had a negative return on equity of 19.99% and a negative net margin of 11.97%.The business had revenue of $290.00 million during the quarter.

Hedge Funds Weigh In On Eastman Kodak

A number of institutional investors and hedge funds have recently made changes to their positions in KODK. Quantbot Technologies LP boosted its position in shares of Eastman Kodak by 3.8% in the 3rd quarter. Quantbot Technologies LP now owns 37,306 shares of the technology company's stock worth $239,000 after purchasing an additional 1,357 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Eastman Kodak by 4.5% during 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 in the last quarter. AXQ Capital LP increased its position in Eastman Kodak by 7.9% during the 4th quarter. AXQ Capital LP now owns 21,459 shares of the technology company's stock valued at $182,000 after buying an additional 1,579 shares in the last quarter. Creative Planning raised its stake in Eastman Kodak by 3.4% during the second quarter. Creative Planning now owns 52,090 shares of the technology company's stock valued at $294,000 after buying an additional 1,726 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Eastman Kodak by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 23,887 shares of the technology company's stock worth $135,000 after acquiring an additional 1,964 shares in the last quarter. Institutional investors own 33.65% of the company's stock.

About Eastman Kodak

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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