Eastman Kodak (NYSE:KODK) Downgraded by StockNews.com

Eastman Kodak (NYSE:KODK) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Eastman Kodak Trading Down 2.4 %

Shares of NYSE KODK traded down $0.14 during mid-day trading on Friday, reaching $5.58. 442,698 shares of the company’s stock were exchanged, compared to its average volume of 1,010,568. The company’s 50-day moving average is $5.34 and its 200-day moving average is $4.60. Eastman Kodak has a 52-week low of $3.33 and a 52-week high of $6.29. The firm has a market capitalization of $446.96 million, a price-to-earnings ratio of 8.72 and a beta of 3.66. 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) last announced its earnings results on Thursday, May 9th. The technology company reported $0.30 EPS for the quarter. Eastman Kodak had a return on equity of 10.61% and a net margin of 6.80%. The company had revenue of $249.00 million during the quarter.

Institutional Investors Weigh In On Eastman Kodak

Several hedge funds and other institutional investors have recently made changes to their positions in KODK. IPG Investment Advisors LLC purchased a new stake in Eastman Kodak during the fourth quarter worth approximately $50,000. CWM LLC lifted its stake in Eastman Kodak by 128.4% during the second quarter. CWM LLC now owns 11,410 shares of the technology company’s stock worth $61,000 after purchasing an additional 6,415 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake 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 purchasing an additional 11,130 shares during the last quarter. SG Americas Securities LLC lifted its stake in 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 buying an additional 5,805 shares during the last quarter. Finally, Denali Advisors LLC purchased a new stake in Eastman Kodak in the fourth quarter valued at approximately $126,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

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.