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

StockNews.com downgraded shares of Eastman Kodak (NYSE:KODK) from a hold rating to a sell rating in a research report report published on Thursday.

Eastman Kodak Stock Up 2.0 %

KODK stock traded up $0.09 during midday trading on Thursday, hitting $4.62. The company’s stock had a trading volume of 590,802 shares, compared to its average volume of 626,461. The company’s fifty day moving average price is $4.75 and its 200 day moving average price is $4.06. Eastman Kodak has a twelve month low of $3.17 and a twelve month high of $6.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.52 and a quick ratio of 1.75. The stock has a market capitalization of $369.22 million, a P/E ratio of 7.22 and a beta of 3.56.

Eastman Kodak (NYSE:KODK) last released its earnings results on Thursday, March 14th. The technology company reported $0.02 earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 10.40% and a net margin of 6.71%. The business had revenue of $275.00 million for the quarter.

Hedge Funds Weigh In On Eastman Kodak

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new stake in Eastman Kodak in the 3rd quarter valued at about $42,000. IPG Investment Advisors LLC bought a new stake in Eastman Kodak in the fourth quarter valued at approximately $50,000. AXQ Capital LP acquired a new stake in shares of Eastman Kodak in the third quarter valued at approximately $54,000. Tower Research Capital LLC TRC boosted its stake in shares of Eastman Kodak by 244.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,687 shares of the technology company’s stock worth $61,000 after acquiring an additional 11,130 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Eastman Kodak by 835.0% during the 3rd quarter. New York State Common Retirement Fund now owns 22,955 shares of the technology company’s stock worth $97,000 after acquiring an additional 20,500 shares during the last quarter. 33.65% of the stock is owned by institutional investors.

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.