Eastman Kodak (NYSE:KODK) Sees Strong Trading Volume – Should You Buy?

Eastman Kodak (NYSE:KODK) saw unusually-strong trading volume on Tuesday . Approximately 398,632 shares changed hands during trading, a decline of 53% from the previous session’s volume of 846,674 shares.The stock last traded at $6.39 and had previously closed at $6.25.

Analyst Upgrades and Downgrades

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

Eastman Kodak Price Performance

The firm has a 50-day moving average of $5.00 and a 200-day moving average of $5.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The firm has a market capitalization of $573.25 million, a P/E ratio of 10.19 and a beta of 3.64.

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

Institutional Trading of Eastman Kodak

A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in Eastman Kodak by 21.3% during the third 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 during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Eastman Kodak by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,823 shares of the technology company’s stock valued at $302,000 after buying an additional 3,214 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Eastman Kodak in the 3rd quarter worth $25,000. Rhumbline Advisers boosted its stake in shares of Eastman Kodak by 6.4% in the 2nd quarter. Rhumbline Advisers now owns 99,260 shares of the technology company’s stock worth $534,000 after buying an additional 5,988 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of Eastman Kodak in the second quarter worth $33,000. 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.