Eastman Kodak (NYSE:KODK) Trading 8.3% Higher – Here’s What Happened

Shares of Eastman Kodak Company (NYSE:KODK) shot up 8.3% on Friday . The company traded as high as $9.43 and last traded at $9.6170. 499,643 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 839,852 shares. The stock had previously closed at $8.88.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Kodak in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Eastman Kodak has a consensus rating of “Sell”.

Eastman Kodak Trading Up 6.4%

The company has a current ratio of 3.14, a quick ratio of 2.32 and a debt-to-equity ratio of 0.34. The company has a market cap of $921.57 million, a PE ratio of -5.28 and a beta of 1.49. The company has a fifty day simple moving average of $7.52 and a two-hundred day simple moving average of $7.40.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings data on Thursday, March 12th. The technology company reported ($1.23) earnings per share (EPS) for the quarter. Eastman Kodak had a negative net margin of 11.97% and a negative return on equity of 19.99%. The company had revenue of $290.00 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KODK. AQR Capital Management LLC grew its holdings in Eastman Kodak by 8.1% during the 1st quarter. AQR Capital Management LLC now owns 175,313 shares of the technology company’s stock worth $1,108,000 after acquiring an additional 13,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Eastman Kodak by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock valued at $227,000 after purchasing an additional 1,566 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Eastman Kodak by 4.2% during the 1st quarter. Empowered Funds LLC now owns 435,379 shares of the technology company’s stock worth $2,752,000 after purchasing an additional 17,621 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Eastman Kodak by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,636,651 shares of the technology company’s stock worth $9,249,000 after purchasing an additional 53,959 shares during the last quarter. Finally, Creative Planning grew its stake in shares of Eastman Kodak by 3.4% during the second quarter. Creative Planning now owns 52,090 shares of the technology company’s stock worth $294,000 after purchasing an additional 1,726 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.