Eastman Kodak (NYSE:KODK) Sees Strong Trading Volume – Here’s Why

Eastman Kodak (NYSE:KODK) shares saw unusually-high trading volume on Monday . Approximately 1,574,281 shares changed hands during mid-day trading, an increase of 75% from the previous session’s volume of 900,619 shares.The stock last traded at $6.94 and had previously closed at $7.25.

Wall Street Analysts Forecast Growth

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

Eastman Kodak Stock Down 1.1 %

The firm has a market cap of $576.47 million, a P/E ratio of 10.36 and a beta of 3.64. The business’s fifty day moving average price is $5.08 and its two-hundred day moving average price is $5.23. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KODK. Price T Rowe Associates Inc. MD raised its holdings in Eastman Kodak by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,823 shares of the technology company’s stock worth $302,000 after acquiring an additional 3,214 shares during the period. CWM LLC raised 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 period. Gladius Capital Management LP bought a new position in Eastman Kodak in the 2nd quarter worth $33,000. Tennessee Valley Asset Management Partners raised its holdings in Eastman Kodak by 43.8% in the 2nd quarter. Tennessee Valley Asset Management Partners now owns 23,000 shares of the technology company’s stock worth $124,000 after acquiring an additional 7,000 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Eastman Kodak by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 372,239 shares of the technology company’s stock worth $2,003,000 after acquiring an additional 30,375 shares during the period. 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.