Eastman Kodak (NYSE:KODK) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Eastman Kodak (NYSE:KODK) from a buy rating to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings raised Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Eastman Kodak Stock Up 2.2%

Shares of NYSE KODK opened at $9.69 on Friday. Eastman Kodak has a one year low of $4.94 and a one year high of $14.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 2.32. The business’s fifty day moving average price is $10.46 and its 200-day moving average price is $8.66. The stock has a market capitalization of $945.26 million, a PE ratio of -5.15 and a beta of 1.66.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results 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%.

Institutional Trading of Eastman Kodak

A number of institutional investors have recently added to or reduced their stakes in KODK. BNP Paribas Financial Markets lifted its holdings 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 worth $35,000 after purchasing an additional 2,723 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Eastman Kodak during the 2nd quarter worth about $45,000. Tower Research Capital LLC TRC lifted its holdings in Eastman Kodak by 239.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock worth $46,000 after purchasing an additional 5,698 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Eastman Kodak by 2,394.0% in the 4th quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after acquiring an additional 6,751 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Eastman Kodak in the 4th quarter valued at about $71,000. Hedge funds and other institutional investors own 33.65% of the company’s stock.

About Eastman Kodak

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.