Eastman Kodak (NYSE:KODK) Trading 7.4% Higher – Time to Buy?

Eastman Kodak (NYSE:KODK) shares shot up 7.4% during trading on Friday . The stock traded as high as $7.68 and last traded at $7.67. 887,029 shares traded hands during trading, a decline of 0% from the average session volume of 890,956 shares. The stock had previously closed at $7.14.

Analyst Ratings Changes

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

Eastman Kodak Trading Up 2.5 %

The company’s 50 day moving average price is $5.04 and its 200 day moving average price is $5.21. The company has a market cap of $588.53 million, a price-to-earnings ratio of 10.96 and a beta of 3.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $261.00 million during the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

Institutional Trading of Eastman Kodak

Several large investors have recently modified their holdings of KODK. Allspring Global Investments Holdings LLC bought a new stake in Eastman Kodak in the 3rd quarter valued at $25,000. Gladius Capital Management LP bought a new stake in Eastman Kodak in the 2nd quarter valued at $33,000. BNP Paribas Financial Markets boosted its holdings in Eastman Kodak by 21.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,210 shares during the period. CWM LLC boosted its holdings in Eastman Kodak by 128.4% in the 2nd quarter. CWM LLC now owns 11,410 shares of the technology company’s stock valued at $61,000 after purchasing an additional 6,415 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Eastman Kodak in the 3rd quarter valued at $62,000. 33.65% of the stock is owned by institutional investors.

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.