Eastman Kodak (NYSE:KODK) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Eastman Kodak Company (NYSE:KODK)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.29 and traded as high as $6.40. Eastman Kodak shares last traded at $6.1150, with a volume of 1,023,345 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Eastman Kodak presently has a consensus rating of “Sell”.

Eastman Kodak Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a fifty day simple moving average of $6.29 and a 200 day simple moving average of $6.24. The company has a market cap of $495.32 million, a price-to-earnings ratio of -61.15 and a beta of 1.49.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Monday, August 11th. The technology company reported ($0.30) earnings per share for the quarter. Eastman Kodak had a net margin of 1.06% and a return on equity of 2.32%. The business had revenue of $263.00 million during the quarter.

Insider Activity at Eastman Kodak

In other Eastman Kodak news, CEO James V. Continenza acquired 50,000 shares of Eastman Kodak stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $5.74 per share, with a total value of $287,000.00. Following the completion of the transaction, the chief executive officer owned 1,902,011 shares of the company’s stock, valued at $10,917,543.14. The trade was a 2.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philippe D. Katz acquired 10,000 shares of Eastman Kodak stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of $5.67 per share, with a total value of $56,700.00. Following the completion of the transaction, the director directly owned 180,026 shares of the company’s stock, valued at $1,020,747.42. This trade represents a 5.88% increase in their position. The SEC filing for this purchase provides additional information. 23.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Eastman Kodak

Several hedge funds have recently modified their holdings of the business. Marshall Wace LLP lifted its position in Eastman Kodak by 50.6% in the second quarter. Marshall Wace LLP now owns 2,711,241 shares of the technology company’s stock worth $15,319,000 after purchasing an additional 910,644 shares during the period. Russell Investments Group Ltd. lifted its position in Eastman Kodak by 34,542.8% in the first quarter. Russell Investments Group Ltd. now owns 272,639 shares of the technology company’s stock worth $1,723,000 after purchasing an additional 271,852 shares during the period. Prescott Group Capital Management L.L.C. bought a new position in Eastman Kodak in the second quarter worth $1,526,000. Tenzing Global Management LLC bought a new position in Eastman Kodak in the first quarter worth $1,580,000. Finally, Segall Bryant & Hamill LLC bought a new position in Eastman Kodak in the first quarter worth $967,000. 33.65% of the stock is 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.