Eastman Kodak (NYSE:KODK) Trading Up 6.8% – Should You Buy?

Eastman Kodak (NYSE:KODK)’s stock price rose 6.8% on Thursday . The stock traded as high as $7.25 and last traded at $7.20. Approximately 383,312 shares were traded during trading, a decline of 60% from the average daily volume of 947,084 shares. The stock had previously closed at $6.74.

Eastman Kodak Stock Performance

The firm’s 50 day moving average is $5.64 and its 200-day moving average is $5.40. The stock has a market capitalization of $556.37 million, a price-to-earnings ratio of 9.89 and a beta of 3.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41.

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

Insider Transactions at Eastman Kodak

In other news, Director Philippe D. Katz bought 6,000 shares of Eastman Kodak stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $6.50 per share, with a total value of $39,000.00. Following the completion of the acquisition, the director now directly owns 170,026 shares of the company’s stock, valued at $1,105,169. The trade was a 3.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 23.86% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KODK. Allspring Global Investments Holdings LLC acquired a new stake in Eastman Kodak in the 3rd quarter valued at about $25,000. BNP Paribas Financial Markets grew its position in shares of Eastman Kodak by 21.3% in 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 in the last quarter. Intech Investment Management LLC purchased a new position in Eastman Kodak during the third quarter worth approximately $62,000. Quantbot Technologies LP purchased a new position in Eastman Kodak during the third quarter worth approximately $68,000. Finally, Rathbones Group PLC acquired a new position in Eastman Kodak during the second quarter worth $69,000. 33.65% of the stock is owned by institutional investors and hedge funds.

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.