Eastman Kodak (NYSE:KODK) Hits New 1-Year High – Should You Buy?

Eastman Kodak Company (NYSE:KODK) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $11.89 and last traded at $11.88, with a volume of 507340 shares traded. The stock had previously closed at $11.42.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Eastman Kodak has a consensus rating of “Sell”.

Eastman Kodak Price Performance

The company’s fifty day moving average price is $8.03 and its 200 day moving average price is $7.65. The company has a market capitalization of $1.18 billion, a P/E ratio of -6.79 and a beta of 1.36. The company has a quick ratio of 2.32, a current ratio of 3.14 and a debt-to-equity ratio of 0.34.

Eastman Kodak (NYSE:KODK) last announced its earnings results on Thursday, March 12th. The technology company reported ($1.23) EPS for the quarter. Eastman Kodak had a negative return on equity of 19.99% and a negative net margin of 11.97%.The business had revenue of $290.00 million for the quarter.

Institutional Trading of Eastman Kodak

Large investors have recently made changes to their positions in the company. Denali Advisors LLC bought a new stake in shares of Eastman Kodak during the 3rd quarter worth $836,000. First Eagle Investment Management LLC lifted its position in shares of Eastman Kodak by 45.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 734,433 shares of the technology company’s stock worth $4,708,000 after buying an additional 231,217 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Eastman Kodak by 50.6% during the 2nd quarter. Marshall Wace LLP now owns 2,711,241 shares of the technology company’s stock worth $15,319,000 after buying an additional 910,644 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its position in shares of Eastman Kodak by 38.6% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 374,345 shares of the technology company’s stock worth $2,400,000 after buying an additional 104,345 shares during the last quarter. Finally, Byrne Asset Management LLC grew its stake in shares of Eastman Kodak by 117.1% during the fourth quarter. Byrne Asset Management LLC now owns 22,080 shares of the technology company’s stock worth $187,000 after buying an additional 11,910 shares during the last quarter. Institutional investors and hedge funds 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.