Eastman Kodak (NYSE:KODK) Stock Price Up 17.1% - Still a Buy?

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

Eastman Kodak Price Performance

The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $512.62 million, a price-to-earnings ratio of 9.09 and a beta of 3.67. The company has a fifty day moving average price of $6.73 and a two-hundred day moving average price of $6.27.

Eastman Kodak (NYSE:KODK - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The technology company reported $0.23 earnings per share for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%. The firm had revenue of $266.00 million during the quarter.

Hedge Funds Weigh In On Eastman Kodak

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

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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.