Eastman Kodak (NYSE:KODK) Stock Rating Lowered by StockNews.com

Eastman Kodak (NYSE:KODK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Eastman Kodak Trading Up 2.0 %

KODK stock traded up $0.09 during midday trading on Thursday, hitting $4.62. The stock had a trading volume of 590,802 shares, compared to its average volume of 626,461. The firm has a market cap of $369.22 million, a PE ratio of 7.22 and a beta of 3.56. The company’s 50-day moving average price is $4.75 and its 200 day moving average price is $4.06. Eastman Kodak has a 12-month low of $3.17 and a 12-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.

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

Hedge Funds Weigh In On Eastman Kodak

A number of hedge funds have recently made changes to their positions in the stock. Caas Capital Management LP purchased a new stake in shares of Eastman Kodak during the 1st quarter worth about $2,055,000. Trexquant Investment LP acquired a new stake in shares of Eastman Kodak in the third quarter worth $457,000. Krilogy Financial LLC raised its stake in shares of Eastman Kodak by 112.5% in the 4th quarter. Krilogy Financial LLC now owns 170,000 shares of the technology company’s stock valued at $663,000 after acquiring an additional 90,000 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Eastman Kodak by 399.0% during the 3rd quarter. WINTON GROUP Ltd now owns 72,522 shares of the technology company’s stock valued at $305,000 after acquiring an additional 57,989 shares in the last quarter. Finally, Jump Financial LLC increased its holdings in Eastman Kodak by 103.7% in the 4th quarter. Jump Financial LLC now owns 104,881 shares of the technology company’s stock valued at $409,000 after purchasing an additional 53,381 shares in the last quarter. 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.