Eastman Kodak (NYSE:KODK) Trading Up 7.4% – Should You Buy?

Eastman Kodak (NYSE:KODK) was up 7.4% on Friday . The company traded as high as $7.68 and last traded at $7.67. Approximately 887,029 shares traded hands during trading, a decline of 0% from the average daily volume of 890,956 shares. The stock had previously closed at $7.14.

Wall Street Analysts Forecast Growth

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

Eastman Kodak Stock Performance

The stock has a 50 day simple moving average of $5.08 and a 200 day simple moving average of $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. The stock has a market cap of $582.90 million, a P/E ratio of 10.36 and a beta of 3.64.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 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.

Hedge Funds Weigh In On Eastman Kodak

Several hedge funds and other institutional investors have recently modified their holdings of KODK. Dimensional Fund Advisors LP increased its stake in shares of Eastman Kodak by 49.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock valued at $10,801,000 after purchasing an additional 659,991 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Eastman Kodak in the 2nd quarter valued at $2,197,000. American Century Companies Inc. increased its stake in shares of Eastman Kodak by 77.9% in the 2nd quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock valued at $3,848,000 after purchasing an additional 313,191 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Eastman Kodak in the 3rd quarter valued at $635,000. Finally, Susquehanna Fundamental Investments LLC increased its stake in shares of Eastman Kodak by 59.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 218,669 shares of the technology company’s stock valued at $1,176,000 after purchasing an additional 81,782 shares during the last quarter. 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.