Eastman Kodak (NYSE:KODK) Shares Cross Below 50-Day Moving Average - Time to Sell?

Shares of Eastman Kodak (NYSE:KODK - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.87 and traded as low as $4.68. Eastman Kodak shares last traded at $4.70, with a volume of 279,541 shares traded.

Analyst Upgrades and Downgrades

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

Eastman Kodak Price Performance

The firm has a market cap of $403.11 million, a price-to-earnings ratio of 9.33 and a beta of 3.64. The business's 50-day simple moving average is $4.87 and its two-hundred day simple moving average is $5.11. The company has a current ratio of 2.37, a quick ratio of 1.54 and a debt-to-equity ratio of 0.47.

Eastman Kodak (NYSE:KODK - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $267.00 million for the quarter. Eastman Kodak had a return on equity of 9.68% and a net margin of 6.13%.

Institutional Investors Weigh In On Eastman Kodak

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Eastman Kodak during the 3rd quarter valued at $25,000. Gladius Capital Management LP purchased a new stake in Eastman Kodak in the 2nd quarter worth about $33,000. CWM LLC increased its holdings in Eastman Kodak by 128.4% in the 2nd quarter. CWM LLC now owns 11,410 shares of the technology company's stock worth $61,000 after acquiring an additional 6,415 shares during the last quarter. Rathbones Group PLC purchased a new stake in Eastman Kodak in the 2nd quarter worth about $69,000. Finally, SG Americas Securities LLC increased its holdings in Eastman Kodak by 102.5% in the 3rd quarter. SG Americas Securities LLC now owns 22,609 shares of the technology company's stock worth $107,000 after acquiring an additional 11,443 shares during the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.

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.