Eastman Kodak (NYSE:KODK) Trading Up 4.7% – Here’s Why

Shares of Eastman Kodak (NYSE:KODK) were up 4.7% on Friday . The company traded as high as $7.48 and last traded at $7.37. Approximately 889,721 shares changed hands during trading, a decline of 26% from the average daily volume of 1,195,401 shares. The stock had previously closed at $7.04.

Eastman Kodak Stock Performance

The company has a market cap of $591.34 million, a P/E ratio of 10.51 and a beta of 3.70. The business’s 50 day simple moving average is $6.81 and its 200 day simple moving average is $5.66. 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 data on Tuesday, November 12th. The technology company reported $0.15 earnings per share 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 during the quarter.

Insider Activity at Eastman Kodak

In other Eastman Kodak news, Director Philippe D. Katz acquired 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost 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 in the company, valued at $1,105,169. This represents a 3.66 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Sileck bought 10,000 shares of the stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $7.02 per share, with a total value of $70,200.00. Following the acquisition, the director now owns 107,940 shares of the company’s stock, valued at $757,738.80. This trade represents a 10.21 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KODK. Allspring Global Investments Holdings LLC purchased a new position in Eastman Kodak during the third quarter valued at $25,000. BNP Paribas Financial Markets boosted its holdings in Eastman Kodak by 21.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after buying an additional 2,210 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Eastman Kodak during the 3rd quarter worth approximately $62,000. Quantbot Technologies LP acquired a new position in shares of Eastman Kodak during the third quarter valued at approximately $68,000. Finally, Cobblestone Capital Advisors LLC NY acquired a new stake in shares of Eastman Kodak in the third quarter worth approximately $95,000. Institutional investors and hedge funds 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.