Eastman Kodak (NYSE:KODK) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Eastman Kodak Company (NYSE:KODK)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.42 and traded as low as $9.02. Eastman Kodak shares last traded at $9.07, with a volume of 831,123 shares trading hands.

Analysts Set New Price Targets

KODK has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Eastman Kodak from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Eastman Kodak from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Eastman Kodak Trading Down 4.2%

The firm has a market cap of $888.02 million, a P/E ratio of -6.53 and a beta of 1.56. The firm’s fifty day moving average is $8.95 and its two-hundred day moving average is $9.42. The company has a quick ratio of 1.95, a current ratio of 2.91 and a debt-to-equity ratio of 0.17.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.13 earnings per share (EPS) for the quarter. Eastman Kodak had a negative net margin of 8.28% and a negative return on equity of 14.47%. The business had revenue of $311.00 million for the quarter.

Hedge Funds Weigh In On Eastman Kodak

Hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in Eastman Kodak by 19,166.1% in the second quarter. California State Teachers Retirement System now owns 659,479 shares of the technology company’s stock worth $6,100,000 after buying an additional 656,056 shares during the period. AXQ Capital LP purchased a new position in shares of Eastman Kodak during the 2nd quarter worth approximately $209,000. Two Sigma Securities LLC purchased a new position in shares of Eastman Kodak during the 2nd quarter worth approximately $95,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Eastman Kodak by 1,513.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,869 shares of the technology company’s stock worth $628,000 after acquiring an additional 63,663 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Eastman Kodak by 1.1% in the 2nd quarter. Empowered Funds LLC now owns 393,092 shares of the technology company’s stock worth $3,636,000 after acquiring an additional 4,176 shares in the last quarter. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Eastman Kodak Company Profile

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.