Eastman Kodak (NYSE:KODK) Upgraded at StockNews.com

StockNews.com upgraded shares of Eastman Kodak (NYSE:KODKFree Report) from a sell rating to a hold rating in a research report report published on Friday.

Eastman Kodak Price Performance

Shares of KODK opened at $5.40 on Friday. The firm has a market cap of $432.54 million, a PE ratio of 8.44 and a beta of 3.57. Eastman Kodak has a 52-week low of $3.33 and a 52-week high of $6.34. The business’s 50 day moving average price is $5.09 and its two-hundred day moving average price is $4.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.47.

Eastman Kodak (NYSE:KODKGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.30 earnings per share (EPS) for the quarter. Eastman Kodak had a net margin of 6.80% and a return on equity of 10.61%. The company had revenue of $249.00 million for the quarter.

Hedge Funds Weigh In On Eastman Kodak

Hedge funds and other institutional investors have recently modified their holdings of the business. Caas Capital Management LP bought a new stake in Eastman Kodak in the first quarter worth about $2,055,000. Empowered Funds LLC raised its holdings in shares of Eastman Kodak by 68.4% in the 1st quarter. Empowered Funds LLC now owns 301,640 shares of the technology company’s stock worth $1,493,000 after purchasing an additional 122,480 shares during the period. Trexquant Investment LP purchased a new position in Eastman Kodak in the third quarter valued at approximately $457,000. Susquehanna Fundamental Investments LLC lifted its stake in Eastman Kodak by 382.0% in the first quarter. Susquehanna Fundamental Investments LLC now owns 136,887 shares of the technology company’s stock valued at $678,000 after purchasing an additional 108,490 shares during the last quarter. Finally, Krilogy Financial LLC grew its holdings in Eastman Kodak by 112.5% during the fourth quarter. Krilogy Financial LLC now owns 170,000 shares of the technology company’s stock valued at $663,000 after purchasing an additional 90,000 shares during the period. Hedge funds and other institutional investors own 33.65% of the company’s stock.

About Eastman Kodak

(Get Free Report)

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.

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