Eastman Kodak (NYSE:KODK) Stock Price Up 5.5% - Here's Why

Eastman Kodak Company (NYSE:KODK - Get Free Report) shares traded up 5.5% during trading on Monday . The company traded as high as $6.94 and last traded at $7.06. 396,654 shares were traded during mid-day trading, a decline of 63% from the average session volume of 1,066,662 shares. The stock had previously closed at $6.69.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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 debt-to-equity ratio of 0.84, a quick ratio of 1.31 and a current ratio of 2.21. The business has a 50-day moving average price of $6.06 and a 200 day moving average price of $6.46. The stock has a market capitalization of $553.76 million, a P/E ratio of 13.99 and a beta of 3.73.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported ($0.12) EPS for the quarter. Eastman Kodak had a return on equity of 8.01% and a net margin of 6.05%.

Hedge Funds Weigh In On Eastman Kodak

A number of hedge funds have recently added to or reduced their stakes in KODK. Russell Investments Group Ltd. raised 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 worth $1,723,000 after acquiring an additional 271,852 shares during the last quarter. Tenzing Global Management LLC purchased a new position in Eastman Kodak in the 1st quarter worth approximately $1,580,000. Susquehanna Fundamental Investments LLC purchased a new position in Eastman Kodak in the 4th quarter worth approximately $1,316,000. Segall Bryant & Hamill LLC purchased a new position in Eastman Kodak in the 1st quarter worth approximately $967,000. Finally, GMT Capital Corp raised its holdings in 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 hedge funds and other 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.