Eastman Kodak (NYSE:KODK) Shares Down 7% - Here's What Happened

Eastman Kodak (NYSE:KODK - Get Free Report) fell 7% on Friday . The company traded as low as $7.55 and last traded at $7.52. 611,294 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 1,246,680 shares. The stock had previously closed at $8.08.

Eastman Kodak Trading Down 1.1 %

The stock has a market cap of $591.74 million, a PE ratio of 10.51 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. The firm has a fifty day simple moving average of $6.97 and a two-hundred day simple moving average of $5.76.

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

Insider Transactions at Eastman Kodak

In other news, Director Philippe D. Katz bought 6,000 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $6.50 per share, with a total value of $39,000.00. Following the completion of the purchase, the director now directly owns 170,026 shares in the company, valued at $1,105,169. This represents a 3.66 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Sileck purchased 10,000 shares of Eastman Kodak stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the transaction, the director now directly owns 107,940 shares of the company's stock, valued at approximately $757,738.80. The trade was a 10.21 % 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 Trading of Eastman Kodak

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Eastman Kodak by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 3,997,389 shares of the technology company's stock valued at $26,263,000 after buying an additional 87,402 shares during the last quarter. State Street Corp increased its position 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 valued at $9,233,000 after acquiring an additional 20,731 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Eastman Kodak by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company's stock worth $7,217,000 after purchasing an additional 57,487 shares during the period. Royce & Associates LP grew its stake in shares of Eastman Kodak by 7.4% in the third quarter. Royce & Associates LP now owns 940,334 shares of the technology company's stock worth $4,438,000 after purchasing an additional 64,680 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Eastman Kodak by 0.6% during the 4th quarter. American Century Companies Inc. now owns 739,563 shares of the technology company's stock valued at $4,859,000 after purchasing an additional 4,761 shares during the period. 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.