Eastman Kodak (NYSE:KODK) Rating Increased to Hold at StockNews.com

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

Eastman Kodak Price Performance

KODK opened at $5.32 on Wednesday. The firm has a market capitalization of $426.13 million, a P/E ratio of 8.31 and a beta of 3.66. The stock has a fifty day moving average of $5.17 and a 200-day moving average of $4.52. The company has a quick ratio of 1.63, a current ratio of 2.47 and a debt-to-equity ratio of 0.47. Eastman Kodak has a 12-month low of $3.33 and a 12-month high of $6.34.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Eastman Kodak by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,823 shares of the technology company’s stock valued at $302,000 after acquiring an additional 3,214 shares in the last quarter. SG Americas Securities LLC grew its stake in Eastman Kodak by 22.9% in the fourth quarter. SG Americas Securities LLC now owns 31,189 shares of the technology company’s stock valued at $122,000 after purchasing an additional 5,805 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Eastman Kodak by 244.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,687 shares of the technology company’s stock worth $61,000 after purchasing an additional 11,130 shares during the last quarter. BNP Paribas Financial Markets increased its position in Eastman Kodak by 83.4% in the 1st quarter. BNP Paribas Financial Markets now owns 27,781 shares of the technology company’s stock worth $138,000 after purchasing an additional 12,637 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in shares of Eastman Kodak during the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

About Eastman Kodak

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.