Eastman Kodak (NYSE:KODK) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of Eastman Kodak Company (NYSE:KODK) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.01 and traded as low as $6.92. Eastman Kodak shares last traded at $7.2250, with a volume of 1,201,168 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen raised Eastman Kodak from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Eastman Kodak in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Eastman Kodak has an average rating of “Sell”.

Eastman Kodak Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.79 and a quick ratio of 0.48. The firm has a market capitalization of $696.49 million, a price-to-earnings ratio of -21.89 and a beta of 1.44. The stock has a 50 day moving average price of $8.05 and a two-hundred day moving average price of $7.01.

Eastman Kodak (NYSE:KODK) last posted its earnings results on Thursday, November 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $269.00 million for the quarter. Eastman Kodak had a return on equity of 1.72% and a net margin of 0.57%.

Insider Activity at Eastman Kodak

In other Eastman Kodak news, Director Philippe D. Katz acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price of $7.35 per share, for a total transaction of $36,750.00. Following the completion of the acquisition, the director owned 185,026 shares of the company’s stock, valued at approximately $1,359,941.10. This trade represents a 2.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Roger W. Byrd sold 19,744 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $8.00, for a total transaction of $157,952.00. Following the sale, the senior vice president directly owned 59,266 shares in the company, valued at approximately $474,128. The trade was a 24.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 23.87% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its stake in shares of Eastman Kodak by 78.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,207 shares of the technology company’s stock valued at $35,000 after buying an additional 2,723 shares during the period. Headlands Technologies LLC purchased a new position in Eastman Kodak in the second quarter worth approximately $45,000. Tower Research Capital LLC TRC lifted its stake in Eastman Kodak by 239.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock worth $46,000 after acquiring an additional 5,698 shares during the last quarter. Byrne Asset Management LLC grew its holdings in Eastman Kodak by 47.8% during the 3rd quarter. Byrne Asset Management LLC now owns 10,170 shares of the technology company’s stock worth $65,000 after acquiring an additional 3,291 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new stake in shares of Eastman Kodak in the 3rd quarter valued at approximately $79,000. 33.65% of the stock is owned by institutional investors and hedge funds.

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.