Eastman Kodak (NYSE:KODK) Sees Strong Trading Volume – What’s Next?

Eastman Kodak (NYSE:KODK) saw unusually-high trading volume on Tuesday . Approximately 720,006 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 894,094 shares.The stock last traded at $6.88 and had previously closed at $6.98.

Eastman Kodak Price Performance

The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The company has a market cap of $538.60 million, a PE ratio of 9.46 and a beta of 3.75. The firm has a 50 day moving average of $7.07 and a two-hundred day moving average of $6.10.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings results on Monday, March 17th. The technology company reported $0.23 earnings per share for the quarter. The company had revenue of $266.00 million for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

Insider Buying and Selling at Eastman Kodak

In other Eastman Kodak news, Director Michael Sileck bought 10,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average cost of $7.02 per share, for a total transaction of $70,200.00. Following the purchase, the director now owns 107,940 shares in the company, valued at approximately $757,738.80. This trade represents a 10.21 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.86% of the company’s stock.

Hedge Funds Weigh In On Eastman Kodak

Several hedge funds and other institutional investors have recently modified their holdings of KODK. BNP Paribas Financial Markets lifted its holdings in shares of Eastman Kodak by 21.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock valued at $60,000 after buying an additional 2,210 shares during the period. Intech Investment Management LLC bought a new position in shares of Eastman Kodak during the 3rd quarter valued at $62,000. Commonwealth Equity Services LLC bought a new position in shares of Eastman Kodak during the 4th quarter valued at $67,000. Quantbot Technologies LP bought a new position in Eastman Kodak in the 3rd quarter worth $68,000. Finally, Trexquant Investment LP bought a new position in Eastman Kodak in the 4th quarter worth $74,000. 33.65% of the stock is owned by institutional investors.

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.