Eastman Kodak (NYSE:KODK) Stock Price Up 7.4% - Here's Why

Eastman Kodak (NYSE:KODK - Get Free Report) shot up 7.4% during mid-day trading on Friday . The company traded as high as $7.68 and last traded at $7.67. 887,029 shares traded hands during trading, a decline of 0% from the average session volume of 890,956 shares. The stock had previously closed at $7.14.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Eastman Kodak from a "sell" rating to a "hold" rating in a report on Tuesday, August 13th.

Eastman Kodak Stock Performance

The business's 50 day simple moving average is $5.08 and its two-hundred day simple moving average is $5.23. The firm has a market capitalization of $582.90 million, a PE ratio of 10.36 and a beta of 3.64. 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 data on Tuesday, November 12th. The technology company reported $0.15 EPS for the quarter. The company had revenue of $261.00 million during the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

Institutional Investors Weigh In On Eastman Kodak

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Eastman Kodak by 49.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company's stock worth $10,801,000 after acquiring an additional 659,991 shares in the last quarter. State Street Corp increased its stake in shares of Eastman Kodak by 1.1% in the third quarter. State Street Corp now owns 1,956,101 shares of the technology company's stock worth $9,233,000 after purchasing an additional 20,731 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Eastman Kodak by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company's stock valued at $7,217,000 after purchasing an additional 57,487 shares during the period. Royce & Associates LP raised its position 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 purchasing an additional 64,680 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Eastman Kodak by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company's stock valued at $4,448,000 after buying an additional 16,693 shares in the last quarter. 33.65% of the stock is currently owned by hedge funds and other 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.