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

Eastman Kodak (NYSE:KODK) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Eastman Kodak Trading Up 2.0 %

Shares of NYSE:KODK traded up $0.09 during midday trading on Thursday, hitting $4.62. The company had a trading volume of 590,802 shares, compared to its average volume of 626,461. The firm has a fifty day simple moving average of $4.75 and a 200 day simple moving average of $4.06. The stock has a market cap of $369.22 million, a price-to-earnings ratio of 7.22 and a beta of 3.56. The company has a current ratio of 2.52, a quick ratio of 1.75 and a debt-to-equity ratio of 0.49. Eastman Kodak has a 12 month low of $3.17 and a 12 month high of $6.34.

Eastman Kodak (NYSE:KODK) last posted its earnings results on Thursday, March 14th. The technology company reported $0.02 earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 10.40% and a net margin of 6.71%. The company had revenue of $275.00 million during the quarter.

Hedge Funds Weigh In On Eastman Kodak

Institutional investors and hedge funds have recently modified their holdings of the business. Trexquant Investment LP bought a new stake in Eastman Kodak during the 3rd quarter worth about $457,000. Denali Advisors LLC bought a new stake in Eastman Kodak during the fourth quarter worth $126,000. SG Americas Securities LLC lifted its stake in Eastman Kodak by 22.9% in the fourth quarter. SG Americas Securities LLC now owns 31,189 shares of the technology company’s stock valued at $122,000 after acquiring an additional 5,805 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Eastman Kodak by 835.0% during the third quarter. New York State Common Retirement Fund now owns 22,955 shares of the technology company’s stock worth $97,000 after purchasing an additional 20,500 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in Eastman Kodak during the third quarter worth approximately $42,000. 33.65% of the stock is currently owned by institutional investors and hedge funds.

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.