Eastman Kodak (NYSE:KODK) Sets New 12-Month High - Here's Why

Eastman Kodak (NYSE:KODK - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $7.89 and last traded at $7.83, with a volume of 284897 shares. The stock had previously closed at $7.69.

Eastman Kodak Stock Performance

The firm's 50-day simple moving average is $6.97 and its two-hundred day simple moving average is $5.75. The stock has a market capitalization of $608.23 million, a PE ratio of 10.81 and a beta of 3.66. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

Eastman Kodak (NYSE:KODK - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%. The firm had revenue of $261.00 million for the quarter.

Insider Transactions at Eastman Kodak

In other news, Director Michael Sileck purchased 10,000 shares of Eastman Kodak stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $7.02 per share, for a total transaction of $70,200.00. Following the acquisition, the director now directly owns 107,940 shares in the company, valued at $757,738.80. This represents a 10.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Philippe D. Katz purchased 6,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $6.50 per share, with a total value of $39,000.00. Following the purchase, the director now owns 170,026 shares in the company, valued at $1,105,169. This represents a 3.66 % increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is owned by insiders.

Institutional Trading of Eastman Kodak

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in shares of Eastman Kodak by 102.5% during the 3rd quarter. SG Americas Securities LLC now owns 22,609 shares of the technology company's stock valued at $107,000 after purchasing an additional 11,443 shares in the last quarter. Creative Planning increased its position in Eastman Kodak by 25.8% during the third quarter. Creative Planning now owns 32,140 shares of the technology company's stock worth $152,000 after buying an additional 6,593 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Eastman Kodak during the third quarter valued at about $25,000. Victory Capital Management Inc. acquired a new stake in shares of Eastman Kodak in the third quarter worth about $635,000. Finally, Royce & Associates LP increased its holdings in shares of Eastman Kodak by 7.4% during the 3rd quarter. Royce & Associates LP now owns 940,334 shares of the technology company's stock valued at $4,438,000 after acquiring an additional 64,680 shares during the last quarter. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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.