Eastman Kodak (NYSE:KODK) Shares Up 5.1% - Here's What Happened

Eastman Kodak (NYSE:KODK - Get Free Report)'s stock price was up 5.1% during trading on Wednesday . The stock traded as high as $5.97 and last traded at $6.19. Approximately 106,353 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,037,825 shares. The stock had previously closed at $5.89.

Wall Street Analyst Weigh In

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

Eastman Kodak Stock Performance

The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $6.09 and its 200-day moving average is $6.60. The company has a market capitalization of $453.50 million, a P/E ratio of 8.02 and a beta of 3.80.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its quarterly 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 8.47% and a net margin of 7.70%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Two Sigma Investments LP increased its stake in Eastman Kodak by 2.1% during the 4th quarter. Two Sigma Investments LP now owns 74,210 shares of the technology company's stock valued at $488,000 after purchasing an additional 1,509 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 purchasing an additional 1,566 shares in the last quarter. ARK Investment Management LLC increased its stake in Eastman Kodak by 9.7% during the 4th quarter. ARK Investment Management LLC now owns 19,218 shares of the technology company's stock valued at $126,000 after purchasing an additional 1,692 shares in the last quarter. Rhumbline Advisers increased its stake in Eastman Kodak by 2.0% during the 4th quarter. Rhumbline Advisers now owns 98,600 shares of the technology company's stock valued at $648,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Eastman Kodak by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 171,505 shares of the technology company's stock valued at $1,084,000 after purchasing an additional 3,071 shares in the last quarter. 33.65% of the stock is currently owned by institutional investors.

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.