Eastman Kodak (NYSE:KODK)’s share price was down 5.6% during mid-day trading on Thursday . The stock traded as low as $8.11 and last traded at $8.14. Approximately 3,928,887 shares changed hands during trading, a decline of 63% from the average daily volume of 10,630,377 shares. The stock had previously closed at $8.62.
Separately, ValuEngine downgraded shares of Eastman Kodak from a “hold” rating to a “sell” rating in a research report on Wednesday, December 2nd.
The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.32 and a current ratio of 2.11. The company’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $7.56.
Eastman Kodak (NYSE:KODK) last issued its quarterly earnings data on Tuesday, November 10th. The technology company reported ($0.27) earnings per share (EPS) for the quarter. Eastman Kodak had a negative return on equity of 236.36% and a negative net margin of 58.72%. The business had revenue of $252.00 million for the quarter.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Eastman Kodak by 50.4% in the 3rd quarter. BlackRock Inc. now owns 1,764,716 shares of the technology company’s stock worth $15,565,000 after acquiring an additional 591,025 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Eastman Kodak by 3,066.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 706,242 shares of the technology company’s stock worth $6,356,000 after acquiring an additional 683,937 shares during the period. Bridgeway Capital Management Inc. lifted its stake in shares of Eastman Kodak by 16.7% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 419,981 shares of the technology company’s stock worth $937,000 after acquiring an additional 60,000 shares during the period. Jackson Wealth Management LLC acquired a new stake in shares of Eastman Kodak in the 3rd quarter worth $3,175,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Eastman Kodak by 478.4% in the 3rd quarter. Wells Fargo & Company MN now owns 297,012 shares of the technology company’s stock worth $2,619,000 after acquiring an additional 245,662 shares during the period. Institutional investors own 15.49% of the company’s stock.
Eastman Kodak Company Profile (NYSE:KODK)
Eastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, entertainment and commercial films, and consumer products markets worldwide. The company operates in six segments: Print Systems; Enterprise Inkjet Systems; Kodak Software; Brand, Film and Imaging; Advanced Materials and 3D Printing Technology; and Eastman Business Park.
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