Eastman Kodak (NYSE:KODK) Share Price Passes Above Fifty Day Moving Average of $5.15

Shares of Eastman Kodak (NYSE:KODK - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.15 and traded as high as $5.40. Eastman Kodak shares last traded at $5.38, with a volume of 1,383,364 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Eastman Kodak from a "sell" rating to a "hold" rating in a report on Friday, June 21st.

Eastman Kodak Stock Up 0.9 %

The stock has a market capitalization of $430.94 million, a price-to-earnings ratio of 8.41 and a beta of 3.57. The business has a 50-day moving average of $5.15 and a 200-day moving average of $4.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.47.

Eastman Kodak (NYSE:KODK - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported $0.30 earnings per share for the quarter. The firm had revenue of $249.00 million during the quarter. Eastman Kodak had a net margin of 6.80% and a return on equity of 10.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KODK. IPG Investment Advisors LLC purchased a new stake in Eastman Kodak in the fourth quarter valued at $50,000. AXQ Capital LP purchased a new position in Eastman Kodak during the 3rd quarter worth approximately $54,000. Tower Research Capital LLC TRC increased its position in Eastman Kodak by 244.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,687 shares of the technology company's stock worth $61,000 after buying an additional 11,130 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Eastman Kodak by 22.9% in the fourth quarter. SG Americas Securities LLC now owns 31,189 shares of the technology company's stock valued at $122,000 after acquiring an additional 5,805 shares during the period. Finally, Denali Advisors LLC acquired a new stake in shares of Eastman Kodak in the fourth quarter valued at approximately $126,000. Hedge funds and other institutional investors own 33.65% of the company's stock.

Eastman Kodak Company Profile

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.