Eastman Kodak (NYSE:KODK) Trading Up 4.5% – Time to Buy?

Shares of Eastman Kodak Company (NYSE:KODK) traded up 4.5% during mid-day trading on Friday . The company traded as high as $9.81 and last traded at $9.9030. 126,491 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,117,957 shares. The stock had previously closed at $9.48.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings raised shares of Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Wall Street Zen raised shares of Eastman Kodak from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Eastman Kodak currently has an average rating of “Hold”.

Eastman Kodak Stock Up 4.2%

The stock’s 50 day simple moving average is $10.40 and its two-hundred day simple moving average is $8.66. The firm has a market cap of $964.39 million, a P/E ratio of -5.24 and a beta of 1.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 2.32.

Eastman Kodak (NYSE:KODK) last announced its earnings results on Thursday, May 7th. The technology company reported ($0.21) earnings per share for the quarter. Eastman Kodak had a negative net margin of 12.60% and a negative return on equity of 21.13%. The business had revenue of $265.00 million for the quarter.

Hedge Funds Weigh In On Eastman Kodak

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of Eastman Kodak by 78.2% during the second 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 in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Eastman Kodak by 2,394.0% during the fourth quarter. Farther Finance Advisors LLC now owns 7,033 shares of the technology company’s stock valued at $59,000 after purchasing an additional 6,751 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Eastman Kodak during the second quarter valued at approximately $45,000. Tower Research Capital LLC TRC increased its stake in shares of Eastman Kodak by 239.7% during the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock valued at $46,000 after purchasing an additional 5,698 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Eastman Kodak during the fourth quarter valued at approximately $71,000. Institutional investors own 33.65% of the company’s stock.

About Eastman Kodak

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.