Eastman Kodak (NYSE:KODK) Shares Up 6.8% – Here’s What Happened

Eastman Kodak Company (NYSE:KODK) traded up 6.8% during trading on Monday . The stock traded as high as $9.48 and last traded at $9.3860. 428,331 shares traded hands during trading, a decline of 68% from the average session volume of 1,341,940 shares. The stock had previously closed at $8.79.

Wall Street Analyst Weigh In

A number of research firms recently commented on KODK. Wall Street Zen raised shares of Eastman Kodak from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. 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, According to data from MarketBeat, Eastman Kodak currently has a consensus rating of “Sell”.

Eastman Kodak Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.48 and a debt-to-equity ratio of 0.01. The company has a market cap of $889.58 million, a PE ratio of -28.14 and a beta of 1.45. The firm’s 50-day simple moving average is $7.13 and its two-hundred day simple moving average is $6.50.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported ($0.08) EPS for the quarter. The company had revenue of $269.00 million for the quarter. Eastman Kodak had a return on equity of 1.72% and a net margin of 0.57%.

Insider Activity

In other news, Director Philippe D. Katz bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price of $7.35 per share, with a total value of $36,750.00. Following the completion of the acquisition, the director directly owned 185,026 shares of the company’s stock, valued at $1,359,941.10. This trade represents a 2.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Roger W. Byrd sold 19,744 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $8.00, for a total value of $157,952.00. Following the completion of the sale, the senior vice president owned 59,266 shares in the company, valued at approximately $474,128. This represents a 24.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 23.86% of the stock is currently owned by insiders.

Institutional Trading of Eastman Kodak

Institutional investors and hedge funds have recently bought and sold shares of the business. AlphaQuest LLC acquired a new stake in shares of Eastman Kodak in the first quarter worth $27,000. BNP Paribas Financial Markets boosted its holdings in Eastman Kodak by 78.2% in the second 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. Byrne Asset Management LLC acquired a new stake in Eastman Kodak during the 2nd quarter worth about $39,000. Headlands Technologies LLC purchased a new position in shares of Eastman Kodak during the 2nd quarter valued at about $45,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Eastman Kodak by 239.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after buying an additional 5,698 shares during the period. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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.