Eastman Kodak (NYSE:KODK) Reaches New 52-Week High – Time to Buy?

Eastman Kodak Company (NYSE:KODK) hit a new 52-week high on Tuesday . The stock traded as high as $14.87 and last traded at $14.2420, with a volume of 1463776 shares changing hands. The stock had previously closed at $14.08.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KODK shares. Wall Street Zen upgraded Eastman Kodak from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Weiss Ratings lowered Eastman Kodak from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Eastman Kodak Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 3.14 and a quick ratio of 2.32. The company’s fifty day simple moving average is $9.96 and its two-hundred day simple moving average is $8.47. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -8.10 and a beta of 1.66.

Eastman Kodak (NYSE:KODK) last issued 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 business had revenue of $290.00 million for the quarter.

Institutional Trading of Eastman Kodak

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KODK. Quantbot Technologies LP raised its stake in shares of Eastman Kodak by 3.8% in the third quarter. Quantbot Technologies LP now owns 37,306 shares of the technology company’s stock worth $239,000 after purchasing an additional 1,357 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Eastman Kodak by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock valued at $227,000 after buying an additional 1,566 shares during the last quarter. AXQ Capital LP boosted its position in shares of Eastman Kodak by 7.9% during the fourth quarter. AXQ Capital LP now owns 21,459 shares of the technology company’s stock valued at $182,000 after buying an additional 1,579 shares during the last quarter. Creative Planning grew its holdings in 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 buying an additional 1,726 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Eastman Kodak by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,887 shares of the technology company’s stock valued at $135,000 after buying an additional 1,964 shares during the last quarter. 33.65% of the stock is owned by institutional investors.

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.