Eastman Kodak (NYSE:KODK) Downgraded by StockNews.com

StockNews.com lowered shares of Eastman Kodak (NYSE:KODK) from a hold rating to a sell rating in a research note published on Friday.

Eastman Kodak Stock Performance

Shares of KODK opened at $4.81 on Friday. The business has a 50-day moving average of $3.91 and a 200 day moving average of $3.92. Eastman Kodak has a fifty-two week low of $3.17 and a fifty-two week high of $6.34. The firm has a market cap of $382.64 million, a P/E ratio of 7.52 and a beta of 3.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.75 and a current ratio of 2.63.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings data on Thursday, March 14th. The technology company reported $0.02 earnings per share for the quarter. Eastman Kodak had a return on equity of 10.22% and a net margin of 6.71%. The company had revenue of $275.00 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KODK. Credit Suisse AG boosted its position in shares of Eastman Kodak by 5.9% during the 2nd quarter. Credit Suisse AG now owns 26,673 shares of the technology company’s stock valued at $124,000 after acquiring an additional 1,490 shares during the last quarter. Sei Investments Co. boosted its position in shares of Eastman Kodak by 8.1% during the 1st quarter. Sei Investments Co. now owns 35,686 shares of the technology company’s stock valued at $229,000 after acquiring an additional 2,683 shares during the last quarter. Caxton Associates LP boosted its position in shares of Eastman Kodak by 2.7% during the 3rd quarter. Caxton Associates LP now owns 110,517 shares of the technology company’s stock valued at $465,000 after acquiring an additional 2,868 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Eastman Kodak by 76.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,865 shares of the technology company’s stock valued at $32,000 after acquiring an additional 2,971 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of Eastman Kodak by 9.6% during the 4th quarter. Verition Fund Management LLC now owns 34,858 shares of the technology company’s stock valued at $136,000 after acquiring an additional 3,058 shares during the last quarter. Institutional investors own 31.00% 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.