Eastman Kodak (NYSE:KODK) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Eastman Kodak Company (NYSE:KODK)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.11 and traded as low as $7.60. Eastman Kodak shares last traded at $7.6420, with a volume of 648,917 shares traded.

Analyst Ratings Changes

KODK has been the topic of a number of recent research reports. Weiss Ratings cut Eastman Kodak from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Wall Street Zen lowered Eastman Kodak from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Eastman Kodak Price Performance

The company has a quick ratio of 1.71, a current ratio of 2.53 and a debt-to-equity ratio of 0.18. The stock has a market cap of $748.23 million, a P/E ratio of -4.06 and a beta of 1.54. The firm’s fifty day moving average price is $9.28 and its 200-day moving average price is $9.11.

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

Hedge Funds Weigh In On Eastman Kodak

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Eastman Kodak by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 5,712,683 shares of the technology company’s stock worth $48,329,000 after purchasing an additional 514,558 shares during the period. Marshall Wace LLP increased its holdings in Eastman Kodak by 32.8% during the 4th quarter. Marshall Wace LLP now owns 3,817,610 shares of the technology company’s stock valued at $32,297,000 after purchasing an additional 942,413 shares during the period. Dimensional Fund Advisors LP raised its position in Eastman Kodak by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,801 shares of the technology company’s stock valued at $19,707,000 after purchasing an additional 113,398 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Eastman Kodak by 225.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 830,732 shares of the technology company’s stock valued at $7,028,000 after purchasing an additional 575,733 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in Eastman Kodak by 3.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 760,108 shares of the technology company’s stock worth $4,295,000 after buying an additional 26,729 shares during the period. 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.