Eastman Kodak (NYSE:KODK) Share Price Crosses Below 200-Day Moving Average of $5.05

Eastman Kodak (NYSE:KODK) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.05 and traded as low as $4.96. Eastman Kodak shares last traded at $4.97, with a volume of 348,059 shares trading hands.

Analysts Set New Price Targets

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

Eastman Kodak Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 2.37 and a quick ratio of 1.54. The company has a 50 day moving average price of $5.33 and a 200 day moving average price of $5.05. The firm has a market cap of $390.89 million, a PE ratio of 7.63 and a beta of 3.66.

Eastman Kodak (NYSE:KODK) last released its earnings results on Thursday, August 8th. The technology company reported $0.23 EPS for the quarter. The company had revenue of $267.00 million during the quarter. Eastman Kodak had a net margin of 6.13% and a return on equity of 9.68%.

Institutional Trading of Eastman Kodak

Several hedge funds have recently modified their holdings of KODK. Aristides Capital LLC acquired a new stake in shares of Eastman Kodak in the second quarter valued at about $269,000. Susquehanna Fundamental Investments LLC lifted its position in shares of Eastman Kodak by 59.7% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 218,669 shares of the technology company’s stock valued at $1,176,000 after acquiring an additional 81,782 shares during the period. AQR Capital Management LLC boosted its stake in shares of Eastman Kodak by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company’s stock worth $4,448,000 after acquiring an additional 16,693 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Eastman Kodak in the 2nd quarter worth approximately $2,197,000. Finally, XTX Topco Ltd acquired a new stake in shares of Eastman Kodak in the 2nd quarter worth approximately $190,000. 33.65% of the stock is owned by institutional investors and hedge funds.

About Eastman Kodak

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.