Eastman Kodak (NYSE:KODK) Sees Large Volume Increase – Here’s Why

Eastman Kodak (NYSE:KODK) shares saw an uptick in trading volume on Tuesday . 398,632 shares traded hands during mid-day trading, a decline of 53% from the previous session’s volume of 846,674 shares.The stock last traded at $6.39 and had previously closed at $6.25.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Eastman Kodak from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Eastman Kodak Price Performance

The stock has a market cap of $533.86 million, a price-to-earnings ratio of 9.60 and a beta of 3.64. The company has a 50 day simple moving average of $4.92 and a 200-day simple moving average of $5.17. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. The firm had revenue of $261.00 million during the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

Institutional Trading of Eastman Kodak

A number of hedge funds and other institutional investors have recently modified their holdings of KODK. Allspring Global Investments Holdings LLC bought a new position in Eastman Kodak in the third quarter valued at approximately $25,000. Gladius Capital Management LP acquired a new position in Eastman Kodak during the second quarter worth $33,000. BNP Paribas Financial Markets raised its position in Eastman Kodak by 21.3% during the third quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after acquiring an additional 2,210 shares in the last quarter. CWM LLC lifted its stake in Eastman Kodak by 128.4% in the second quarter. CWM LLC now owns 11,410 shares of the technology company’s stock valued at $61,000 after acquiring an additional 6,415 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Eastman Kodak in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 33.65% 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.