Eastman Kodak (NYSE:KODK) Reaches New 1-Year High – Time to Buy?

Eastman Kodak Company (NYSE:KODK) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $8.40 and last traded at $8.5410, with a volume of 920404 shares changing hands. The stock had previously closed at $7.79.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Kodak in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Eastman Kodak currently has a consensus rating of “Sell”.

Eastman Kodak Price Performance

The stock has a 50 day moving average of $6.33 and a two-hundred day moving average of $6.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm has a market capitalization of $709.16 million, a P/E ratio of -87.63 and a beta of 1.43.

Eastman Kodak (NYSE:KODK) last issued its earnings results on Monday, August 11th. The technology company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $263.00 million during the quarter. Eastman Kodak had a return on equity of 2.32% and a net margin of 1.06%.

Insiders Place Their Bets

In other Eastman Kodak news, Director Philippe D. Katz acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were acquired at an average price of $5.67 per share, for a total transaction of $56,700.00. Following the acquisition, the director directly owned 180,026 shares of the company’s stock, valued at approximately $1,020,747.42. This trade represents a 5.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James V. Continenza acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was bought at an average price of $5.74 per share, with a total value of $287,000.00. Following the acquisition, the chief executive officer directly owned 1,902,011 shares in the company, valued at $10,917,543.14. This represents a 2.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 23.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eastman Kodak

A number of hedge funds have recently bought and sold shares of KODK. AlphaQuest LLC bought a new stake in shares of Eastman Kodak in the 1st quarter worth approximately $27,000. BNP Paribas Financial Markets increased its holdings in Eastman Kodak by 78.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after purchasing an additional 2,723 shares during the period. Byrne Asset Management LLC purchased a new position in shares of Eastman Kodak during the second quarter valued at approximately $39,000. Headlands Technologies LLC bought a new stake in Eastman Kodak in the 2nd quarter worth approximately $45,000. Finally, Tower Research Capital LLC TRC boosted its stake in Eastman Kodak by 239.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock worth $46,000 after purchasing an additional 5,698 shares during the period. 33.65% of the stock is owned by hedge funds and other 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.