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

StockNews.com cut 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 %

Shares of Eastman Kodak stock opened at $4.62 on Thursday. 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 has a 1 year low of $3.17 and a 1 year high of $6.34. The firm’s 50-day moving average is $4.75 and its two-hundred day moving average is $4.06. The stock has a market cap of $369.23 million, a price-to-earnings ratio of 7.22 and a beta of 3.56.

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

Institutional Trading of Eastman Kodak

A number of institutional investors have recently modified their holdings of the company. Caxton Associates LP boosted its stake in Eastman Kodak by 2.7% in the 3rd quarter. Caxton Associates LP now owns 110,517 shares of the technology company’s stock worth $465,000 after purchasing an additional 2,868 shares in the last quarter. SG Americas Securities LLC boosted its stake in Eastman Kodak by 22.9% in the 4th quarter. SG Americas Securities LLC now owns 31,189 shares of the technology company’s stock worth $122,000 after purchasing an additional 5,805 shares in the last quarter. Krilogy Financial LLC boosted its stake in Eastman Kodak by 8.1% in the 3rd quarter. Krilogy Financial LLC now owns 80,000 shares of the technology company’s stock worth $337,000 after purchasing an additional 6,000 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Eastman Kodak in the 3rd quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC boosted its stake in Eastman Kodak by 244.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,687 shares of the technology company’s stock worth $61,000 after purchasing an additional 11,130 shares in the last quarter. 33.65% of the stock is currently owned by institutional investors.

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.