Eastman Kodak (NYSE:KODK) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Eastman Kodak Company (NYSE:KODK) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.24 and traded as high as $6.82. Eastman Kodak shares last traded at $6.71, with a volume of 754,022 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a research note on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Eastman Kodak Stock Up 3.2%

The firm has a market capitalization of $543.11 million, a price-to-earnings ratio of -67.05 and a beta of 1.49. The stock has a fifty day moving average of $6.24 and a two-hundred day moving average of $6.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.79 and a quick ratio of 0.46.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Monday, August 11th. The technology company reported ($0.30) earnings per share for the quarter. The company had revenue of $263.00 million during the quarter. Eastman Kodak had a net margin of 1.06% and a return on equity of 2.32%.

Insiders Place Their Bets

In related news, Director Philippe D. Katz acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the acquisition, the director directly owned 180,026 shares of the company’s stock, valued at approximately $1,020,747.42. This trade represents a 5.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James V. Continenza acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average price of $5.74 per share, with a total value of $287,000.00. Following the completion of the acquisition, the chief executive officer directly owned 1,902,011 shares of the company’s stock, valued at $10,917,543.14. This trade represents a 2.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 23.87% of the company’s stock.

Institutional Trading of Eastman Kodak

A number of institutional investors and hedge funds have recently bought and sold shares of KODK. AlphaQuest LLC bought a new stake in Eastman Kodak during the first quarter valued at $27,000. BNP Paribas Financial Markets boosted its position in 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 acquiring an additional 2,723 shares during the last quarter. Byrne Asset Management LLC bought a new stake in Eastman Kodak during the second quarter valued at $39,000. Headlands Technologies LLC bought a new stake in Eastman Kodak during the second quarter valued at $45,000. Finally, Tower Research Capital LLC TRC boosted its position in 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 acquiring an additional 5,698 shares during the last quarter. 33.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Kodak Company Profile

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.