Eastman Kodak (NYSE:KODK) Hits New 1-Year High – Should You Buy?

Eastman Kodak Company (NYSE:KODK) reached a new 52-week high on Thursday . The company traded as high as $11.89 and last traded at $11.88, with a volume of 507340 shares. The stock had previously closed at $11.42.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Kodak in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Eastman Kodak Trading Up 6.3%

The business’s 50 day simple moving average is $8.03 and its two-hundred day simple moving average is $7.65. The stock has a market cap of $1.18 billion, a P/E ratio of -6.79 and a beta of 1.36. The company has a quick ratio of 2.32, a current ratio of 3.14 and a debt-to-equity ratio of 0.34.

Eastman Kodak (NYSE:KODK) last posted its earnings results on Thursday, March 12th. The technology company reported ($1.23) earnings per share for the quarter. The company had revenue of $290.00 million for the quarter. Eastman Kodak had a negative return on equity of 19.99% and a negative net margin of 11.97%.

Institutional Trading of Eastman Kodak

Institutional investors have recently modified their holdings of the business. Denali Advisors LLC bought a new stake in shares of Eastman Kodak in the third quarter worth $836,000. First Eagle Investment Management LLC grew its stake in shares of Eastman Kodak by 45.9% in the third quarter. First Eagle Investment Management LLC now owns 734,433 shares of the technology company’s stock worth $4,708,000 after purchasing an additional 231,217 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Eastman Kodak by 50.6% in the second quarter. Marshall Wace LLP now owns 2,711,241 shares of the technology company’s stock worth $15,319,000 after purchasing an additional 910,644 shares during the last quarter. Prescott Group Capital Management L.L.C. grew its stake in shares of Eastman Kodak by 38.6% in the third quarter. Prescott Group Capital Management L.L.C. now owns 374,345 shares of the technology company’s stock worth $2,400,000 after purchasing an additional 104,345 shares during the last quarter. Finally, Byrne Asset Management LLC grew its stake in shares of Eastman Kodak by 117.1% in the fourth quarter. Byrne Asset Management LLC now owns 22,080 shares of the technology company’s stock worth $187,000 after purchasing an additional 11,910 shares during the last quarter. Institutional investors own 33.65% of the company’s stock.

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.