StockNews.com Upgrades Eastman Kodak (NYSE:KODK) to “Hold”

Eastman Kodak (NYSE:KODK) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Eastman Kodak Stock Performance

KODK stock opened at $5.58 on Friday. Eastman Kodak has a twelve month low of $3.33 and a twelve month high of $6.34. The company has a quick ratio of 1.63, a current ratio of 2.47 and a debt-to-equity ratio of 0.47. The company has a market cap of $446.96 million, a P/E ratio of 8.72 and a beta of 3.57. The business’s fifty day moving average is $5.07 and its 200-day moving average is $4.43.

Eastman Kodak (NYSE:KODK) last released its earnings results on Thursday, May 9th. The technology company reported $0.30 earnings per share for the quarter. The firm had revenue of $249.00 million for the quarter. Eastman Kodak had a return on equity of 10.61% and a net margin of 6.80%.

Institutional Investors Weigh In On Eastman Kodak

Several large investors have recently bought and sold shares of KODK. New York State Common Retirement Fund grew its stake in Eastman Kodak by 835.0% in the third quarter. New York State Common Retirement Fund now owns 22,955 shares of the technology company’s stock valued at $97,000 after acquiring an additional 20,500 shares during the period. Trexquant Investment LP acquired a new position in shares of Eastman Kodak in the 3rd quarter valued at approximately $457,000. Caxton Associates LP increased its stake in Eastman Kodak by 2.7% during the 3rd quarter. Caxton Associates LP now owns 110,517 shares of the technology company’s stock worth $465,000 after purchasing an additional 2,868 shares in the last quarter. AXQ Capital LP acquired a new stake in Eastman Kodak during the 3rd quarter worth approximately $54,000. Finally, SG Americas Securities LLC raised its holdings in Eastman Kodak by 22.9% during the 4th quarter. SG Americas Securities LLC now owns 31,189 shares of the technology company’s stock worth $122,000 after buying an additional 5,805 shares during the period. Institutional investors own 33.65% of the company’s stock.

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.