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

StockNews.com downgraded shares of Eastman Kodak (NYSE:KODKFree Report) from a hold rating to a sell rating in a research note issued to investors on Sunday.

Eastman Kodak Stock Down 0.2 %

Eastman Kodak stock opened at $4.84 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.75 and a current ratio of 2.52. Eastman Kodak has a 52-week low of $3.17 and a 52-week high of $6.34. The firm has a 50 day moving average price of $4.19 and a two-hundred day moving average price of $3.96. The firm has a market cap of $386.72 million, a price-to-earnings ratio of 7.56 and a beta of 3.48.

Eastman Kodak (NYSE:KODKGet Free Report) last released its quarterly 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 firm had revenue of $275.00 million during the quarter.

Institutional Trading of Eastman Kodak

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in shares of Eastman Kodak by 76.3% in 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 in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Eastman Kodak in the 3rd quarter valued at $33,000. PNC Financial Services Group Inc. increased its stake in shares of Eastman Kodak by 471.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,000 shares of the technology company’s stock valued at $52,000 after acquiring an additional 6,600 shares in the last quarter. Brave Asset Management Inc. bought a new stake in shares of Eastman Kodak in the 3rd quarter valued at $42,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Eastman Kodak in the 3rd quarter valued at $42,000. Institutional investors own 33.65% of the company’s stock.

Eastman Kodak Company Profile

(Get Free Report)

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.

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