Eastman Kodak (NYSE:KODK) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Eastman Kodak shares fell below their 200-day moving average, trading as low as $9.02 versus the $9.42 average, and last changing hands at $9.07 on volume of 831,123 shares.
• Wall Street sentiment remains negative: one analyst rates KODK Sell and MarketBeat lists a consensus rating of “Sell,” despite Wall Street Zen upgrading the stock to Buy.
• Kodak reported quarterly EPS of $0.13 on $311 million in revenue, but remains unprofitable, with a negative net margin of 8.28% and negative return on equity of 14.47%; institutional investors own 33.65% of the company.

Eastman Kodak Company (NYSE:KODK - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.42 and traded as low as $9.02. Eastman Kodak shares last traded at $9.07, with a volume of 831,123 shares trading hands.

Wall Street Analyst Weigh In

KODK has been the subject of a number of research reports. Wall Street Zen raised shares of Eastman Kodak from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings raised Eastman Kodak from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of "Sell".

Eastman Kodak Price Performance

The firm has a fifty day moving average price of $8.95 and a two-hundred day moving average price of $9.42. The company has a quick ratio of 1.95, a current ratio of 2.91 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $888.04 million, a P/E ratio of -6.53 and a beta of 1.56.

Eastman Kodak (NYSE:KODK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.13 EPS for the quarter. The company had revenue of $311.00 million for the quarter. Eastman Kodak had a negative net margin of 8.28% and a negative return on equity of 14.47%.

Institutional Investors Weigh In On Eastman Kodak

Several institutional investors and hedge funds have recently made changes to their positions in KODK. BNP Paribas Financial Markets boosted its stake in Eastman Kodak by 78.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company's stock valued at $35,000 after purchasing an additional 2,723 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Eastman Kodak by 2,394.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company's stock worth $59,000 after purchasing an additional 6,751 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Eastman Kodak during the second quarter valued at $45,000. Tower Research Capital LLC TRC lifted its holdings in shares of Eastman Kodak by 239.7% during the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company's stock valued at $46,000 after purchasing an additional 5,698 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Eastman Kodak during the fourth quarter valued at $71,000. Institutional investors own 33.65% of the company's stock.

Eastman Kodak Company Profile

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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