Eastman Kodak (NYSE:KODK) Trading Up 17.1% – Should You Buy?

Shares of Eastman Kodak (NYSE:KODK) shot up 17.1% during mid-day trading on Wednesday . The company traded as high as $6.17 and last traded at $6.21. 1,346,244 shares traded hands during trading, an increase of 46% from the average session volume of 923,114 shares. The stock had previously closed at $5.30.

Eastman Kodak Stock Performance

The stock has a 50-day simple moving average of $6.75 and a 200-day simple moving average of $6.25. The stock has a market cap of $503.43 million, a PE ratio of 8.92 and a beta of 3.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51.

Eastman Kodak (NYSE:KODK) last posted its earnings results on Monday, March 17th. The technology company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $266.00 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

A number of hedge funds have recently made changes to their positions in KODK. GAMMA Investing LLC increased its holdings in Eastman Kodak by 1,163.0% in the 1st quarter. GAMMA Investing LLC now owns 7,363 shares of the technology company’s stock valued at $47,000 after purchasing an additional 6,780 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Eastman Kodak by 21.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after acquiring an additional 2,210 shares during the period. Commonwealth Equity Services LLC purchased a new position in Eastman Kodak in the 4th quarter worth approximately $67,000. Trexquant Investment LP acquired a new stake in Eastman Kodak in the fourth quarter valued at approximately $74,000. Finally, Novem Group purchased a new stake in shares of Eastman Kodak during the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 33.65% of the company’s stock.

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.