Eastman Kodak (NYSE:KODK - Get Free Report)'s stock price was up 6.8% on Thursday . The company traded as high as $7.25 and last traded at $7.20. Approximately 383,312 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 947,084 shares. The stock had previously closed at $6.74.
Eastman Kodak Stock Performance
The company's 50-day moving average is $5.64 and its two-hundred day moving average is $5.40. 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 company has a market cap of $553.15 million, a P/E ratio of 9.83 and a beta of 3.73.
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. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%. The business had revenue of $261.00 million for the quarter.
Insiders Place Their Bets
In other news, Director Philippe D. Katz purchased 6,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $6.50 per share, with a total value of $39,000.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 23.86% of the company's stock.
Institutional Investors Weigh In On Eastman Kodak
Several hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Eastman Kodak in the third quarter worth approximately $25,000. BNP Paribas Financial Markets boosted its stake in shares of Eastman Kodak by 21.3% in the 3rd 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 in the last quarter. Intech Investment Management LLC bought a new position in shares of Eastman Kodak during the 3rd quarter valued at $62,000. Quantbot Technologies LP purchased a new position in Eastman Kodak in the 3rd quarter worth $68,000. Finally, Rathbones Group PLC purchased a new stake in Eastman Kodak during the second quarter valued at about $69,000. Institutional investors own 33.65% of the company's stock.
Eastman Kodak Company Profile
(
Get Free Report)
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.
See Also
Before you consider Eastman Kodak, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eastman Kodak wasn't on the list.
While Eastman Kodak currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
