Eastman Kodak (NYSE:KODK) Hits New 12-Month High – Should You Buy?

Eastman Kodak (NYSE:KODK) reached a new 52-week high on Tuesday . The company traded as high as $7.80 and last traded at $7.79, with a volume of 1747647 shares changing hands. The stock had previously closed at $7.28.

Eastman Kodak Stock Down 0.2 %

The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $6.60 and a two-hundred day simple moving average of $5.61. The company has a market capitalization of $586.04 million, a price-to-earnings ratio of 10.41 and a beta of 3.70.

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

Insider Transactions at Eastman Kodak

In other Eastman Kodak news, Director Michael Sileck acquired 10,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the transaction, the director now owns 107,940 shares in the company, valued at $757,738.80. This trade represents a 10.21 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philippe D. Katz bought 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $6.50 per share, for a total transaction of $39,000.00. Following the acquisition, the director now directly owns 170,026 shares of the company’s stock, valued at approximately $1,105,169. The trade was a 3.66 % increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Eastman Kodak

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its position in shares of Eastman Kodak by 41.6% during the fourth quarter. SG Americas Securities LLC now owns 32,018 shares of the technology company’s stock worth $210,000 after acquiring an additional 9,409 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Eastman Kodak by 75.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,065 shares of the technology company’s stock worth $1,048,000 after purchasing an additional 95,402 shares during the last quarter. Franklin Resources Inc. acquired a new position in Eastman Kodak during the 3rd quarter valued at about $180,000. Barclays PLC boosted its stake in shares of Eastman Kodak by 277.6% in the 3rd quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock valued at $373,000 after purchasing an additional 58,150 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Eastman Kodak by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock worth $7,217,000 after buying an additional 57,487 shares during the period. 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.