Eastman Kodak (NYSE:KODK) Trading Up 5.4% – Time to Buy?

Eastman Kodak (NYSE:KODK) shot up 5.4% on Thursday . The company traded as high as $7.15 and last traded at $7.08. 316,975 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 929,107 shares. The stock had previously closed at $6.72.

Eastman Kodak Trading Up 1.3 %

The company has a market capitalization of $547.52 million, a price-to-earnings ratio of 9.71 and a beta of 3.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.51. The business’s 50-day moving average price is $5.45 and its two-hundred day moving average price is $5.35.

Eastman Kodak (NYSE:KODK) last announced its quarterly earnings data 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%.

Insider Buying and Selling

In other Eastman Kodak news, Director Philippe D. Katz bought 6,000 shares of Eastman Kodak stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $6.50 per share, with a total value of $39,000.00. Following the acquisition, the director now owns 170,026 shares in the company, valued at $1,105,169. This trade represents a 3.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 23.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Eastman Kodak

Hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake in Eastman Kodak by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,823 shares of the technology company’s stock valued at $302,000 after purchasing an additional 3,214 shares during the last quarter. CWM LLC lifted its stake in shares of Eastman Kodak by 128.4% in the 2nd 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. Bank of New York Mellon Corp boosted its holdings in shares of Eastman Kodak by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 372,239 shares of the technology company’s stock valued at $2,003,000 after acquiring an additional 30,375 shares in the last quarter. Rhumbline Advisers grew its position in Eastman Kodak by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 99,260 shares of the technology company’s stock worth $534,000 after acquiring an additional 5,988 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Eastman Kodak by 77.9% in the 2nd quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock worth $3,848,000 after purchasing an additional 313,191 shares in the last quarter. 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.