Eastman Kodak (NYSE:KODK) Shares Gap Up – What’s Next?

Eastman Kodak (NYSE:KODK) shares gapped up prior to trading on Wednesday . The stock had previously closed at $6.62, but opened at $7.32. Eastman Kodak shares last traded at $7.24, with a volume of 2,549,768 shares traded.

Analyst Ratings Changes

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

Eastman Kodak Stock Performance

The company’s 50-day moving average price is $5.04 and its two-hundred day moving average price is $5.21. The company has a market cap of $574.06 million, a P/E ratio of 10.20 and a beta of 3.64. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

Eastman Kodak (NYSE:KODK) last issued its earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. The firm 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%.

Hedge Funds Weigh In On Eastman Kodak

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Eastman Kodak by 49.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock valued at $10,801,000 after acquiring an additional 659,991 shares during the period. Marshall Wace LLP acquired a new stake in Eastman Kodak during the 2nd quarter valued at $2,197,000. American Century Companies Inc. lifted its holdings in shares of Eastman Kodak by 77.9% in the second quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock valued at $3,848,000 after purchasing an additional 313,191 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Eastman Kodak in the third quarter worth $635,000. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of Eastman Kodak by 59.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 218,669 shares of the technology company’s stock valued at $1,176,000 after buying an additional 81,782 shares in the last quarter. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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.