Eastman Kodak (NYSE:KODK) Trading Up 4.5% – Time to Buy?

Eastman Kodak Company (NYSE:KODK) rose 4.5% on Friday . The company traded as high as $9.81 and last traded at $9.9030. Approximately 126,491 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,117,957 shares. The stock had previously closed at $9.48.

Analyst Ratings Changes

KODK has been the topic of a number of analyst reports. Weiss Ratings raised shares of Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Wall Street Zen raised shares of Eastman Kodak from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Eastman Kodak Trading Up 4.2%

The stock has a market capitalization of $964.39 million, a P/E ratio of -5.24 and a beta of 1.66. The firm’s 50 day moving average price is $10.40 and its 200 day moving average price is $8.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 2.32.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.21) EPS for the quarter. The firm had revenue of $265.00 million for the quarter. Eastman Kodak had a negative net margin of 12.60% and a negative return on equity of 21.13%.

Hedge Funds Weigh In On Eastman Kodak

Hedge funds and other institutional investors have recently modified their holdings of the company. Denali Advisors LLC bought a new position in shares of Eastman Kodak during the third quarter valued at about $836,000. First Eagle Investment Management LLC raised its stake in shares of Eastman Kodak by 45.9% during the third quarter. First Eagle Investment Management LLC now owns 734,433 shares of the technology company’s stock valued at $4,708,000 after acquiring an additional 231,217 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its stake in shares of Eastman Kodak by 38.6% during the third quarter. Prescott Group Capital Management L.L.C. now owns 374,345 shares of the technology company’s stock valued at $2,400,000 after acquiring an additional 104,345 shares during the last quarter. AXQ Capital LP bought a new position in shares of Eastman Kodak during the third quarter valued at about $127,000. Finally, High Probability Advisors LLC bought a new position in shares of Eastman Kodak during the fourth quarter valued at about $94,000. 33.65% of the stock is owned by institutional investors.

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.