Eastman Kodak (NYSE:KODK) Sets New 1-Year High – Here’s What Happened

Eastman Kodak Company (NYSE:KODK)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.38 and last traded at $12.9560, with a volume of 1065982 shares trading hands. The stock had previously closed at $13.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Eastman Kodak Stock Up 1.8%

The stock has a market capitalization of $1.30 billion, a P/E ratio of -7.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.14 and a quick ratio of 2.32. The stock’s fifty day moving average is $9.06 and its two-hundred day moving average is $8.09.

Eastman Kodak (NYSE:KODK) last issued its earnings results on Thursday, March 12th. The technology company reported ($1.23) earnings per share for the quarter. The business had revenue of $290.00 million for the quarter. Eastman Kodak had a negative return on equity of 19.99% and a negative net margin of 11.97%.

Institutional Trading of Eastman Kodak

A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in Eastman Kodak during the fourth quarter worth approximately $134,000. Empowered Funds LLC boosted its holdings in Eastman Kodak by 10.9% during the fourth quarter. Empowered Funds LLC now owns 353,909 shares of the technology company’s stock worth $2,994,000 after buying an additional 34,646 shares in the last quarter. XTX Topco Ltd boosted its holdings in Eastman Kodak by 17.3% during the fourth quarter. XTX Topco Ltd now owns 65,967 shares of the technology company’s stock worth $558,000 after buying an additional 9,744 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Eastman Kodak during the fourth quarter worth approximately $475,000. Finally, Tudor Investment Corp ET AL bought a new stake in Eastman Kodak during the fourth quarter worth approximately $116,000. 33.65% of the stock is currently owned by institutional investors.

Eastman Kodak Company Profile

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.