Eastman Kodak (NYSE:KODK) Trading 4.7% Higher - What's Next?

Shares of Eastman Kodak (NYSE:KODK - Get Free Report) were up 4.7% on Friday . The stock traded as high as $7.48 and last traded at $7.37. Approximately 889,721 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 1,195,401 shares. The stock had previously closed at $7.04.

Eastman Kodak Trading Up 5.1 %

The company has a market cap of $617.87 million, a P/E ratio of 10.98 and a beta of 3.66. The firm has a 50-day moving average of $6.93 and a 200 day moving average of $5.71. 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 issued its earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%. The business had revenue of $261.00 million for the quarter.

Insider Buying and Selling at Eastman Kodak

In related news, Director Michael Sileck acquired 10,000 shares of the stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $7.02 per share, with a total value of $70,200.00. Following the completion of the transaction, the director now owns 107,940 shares in the company, valued at approximately $757,738.80. The trade was a 10.21 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Philippe D. Katz bought 6,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 170,026 shares of the company's stock, valued at approximately $1,105,169. The trade was a 3.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 23.86% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Eastman Kodak in the third quarter worth $25,000. BNP Paribas Financial Markets grew its holdings in Eastman Kodak by 21.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company's stock valued at $60,000 after buying an additional 2,210 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Eastman Kodak during the third quarter valued at about $62,000. Quantbot Technologies LP purchased a new stake in shares of Eastman Kodak in the third quarter worth about $68,000. Finally, Cobblestone Capital Advisors LLC NY bought a new position in shares of Eastman Kodak in the third quarter valued at approximately $95,000. 33.65% of the stock is owned by institutional investors.

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.