Eastman Kodak (NYSE:KODK) Releases Earnings Results

Eastman Kodak (NYSE:KODK) posted its quarterly earnings results on Tuesday. The technology company reported $0.15 earnings per share (EPS) for the quarter, reports. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.55%. The company had revenue of $261.00 million for the quarter.

Eastman Kodak Trading Down 16.5 %

Shares of NYSE:KODK opened at $4.59 on Thursday. The company has a market cap of $368.58 million, a PE ratio of 6.56 and a beta of 3.64. The company’s 50-day moving average price is $4.89 and its 200 day moving average price is $5.14. Eastman Kodak has a fifty-two week low of $3.33 and a fifty-two week high of $6.18. The company has a quick ratio of 1.54, a current ratio of 2.37 and a debt-to-equity ratio of 0.47.

Institutional Trading of Eastman Kodak

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Eastman Kodak in the 3rd quarter valued at about $25,000. Gladius Capital Management LP acquired a new position in Eastman Kodak during the 2nd quarter valued at about $33,000. BNP Paribas Financial Markets increased its stake in 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. CWM LLC increased its stake in Eastman Kodak by 128.4% during the 2nd quarter. CWM LLC now owns 11,410 shares of the technology company’s stock valued at $61,000 after buying an additional 6,415 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Eastman Kodak during the 3rd quarter valued at about $62,000. 33.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Eastman Kodak from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th.

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.