Eastman Kodak (NYSE:KODK) Hits New 12-Month High – What’s Next?

Shares of Eastman Kodak Company (NYSE:KODK) reached a new 52-week high during trading on Wednesday . The stock traded as high as $14.29 and last traded at $13.3590, with a volume of 1327834 shares changing hands. The stock had previously closed at $12.94.

Analyst Ratings Changes

Several brokerages recently issued reports on KODK. Wall Street Zen upgraded Eastman Kodak from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Weiss Ratings cut Eastman Kodak from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Eastman Kodak has a consensus rating of “Sell”.

Eastman Kodak Trading Up 5.6%

The company has a current ratio of 3.14, a quick ratio of 2.32 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -7.86 and a beta of 1.66. The business has a 50 day simple moving average of $9.69 and a 200-day simple moving average of $8.34.

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

Institutional Trading of Eastman Kodak

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in Eastman Kodak by 78.2% in the second quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after acquiring an additional 2,723 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Eastman Kodak by 2,394.0% during the 4th quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock worth $59,000 after purchasing an additional 6,751 shares during the period. Headlands Technologies LLC acquired a new stake in Eastman Kodak during the 2nd quarter worth approximately $45,000. Tower Research Capital LLC TRC raised its holdings in Eastman Kodak by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after buying an additional 5,698 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new position in Eastman Kodak during the fourth quarter valued at approximately $71,000. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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.