Eastman Kodak (NYSE:KODK) Upgraded by Wall Street Zen to “Buy” Rating

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

Separately, Weiss Ratings lowered shares of Eastman Kodak from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Eastman Kodak Stock Performance

Shares of Eastman Kodak stock opened at $10.02 on Friday. The business has a 50-day simple moving average of $8.89 and a 200 day simple moving average of $9.17. 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 0.17, a current ratio of 2.91 and a quick ratio of 1.71. The firm has a market capitalization of $981.06 million, a price-to-earnings ratio of -7.21 and a beta of 1.56.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.13 EPS for the quarter. Eastman Kodak had a negative return on equity of 14.47% and a negative net margin of 8.28%.The firm had revenue of $311.00 million during the quarter.

Institutional Investors Weigh In On Eastman Kodak

Several institutional investors have recently bought and sold shares of KODK. Bank of New York Mellon Corp purchased a new stake in Eastman Kodak in the 2nd quarter valued at $1,941,000. Bank of America Corp DE boosted its holdings in Eastman Kodak by 438.9% during the 1st quarter. Bank of America Corp DE now owns 331,883 shares of the technology company’s stock worth $3,004,000 after acquiring an additional 270,297 shares during the last quarter. Empowered Funds LLC boosted its holdings in Eastman Kodak by 9.9% during the 1st quarter. Empowered Funds LLC now owns 388,916 shares of the technology company’s stock worth $3,520,000 after acquiring an additional 35,007 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Eastman Kodak by 13.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,672 shares of the technology company’s stock worth $160,000 after acquiring an additional 2,124 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Eastman Kodak by 38.5% in the first quarter. Quantinno Capital Management LP now owns 81,446 shares of the technology company’s stock valued at $737,000 after purchasing an additional 22,650 shares during the last quarter. Institutional investors own 33.65% of the company’s stock.

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.