Eastman Kodak (NYSE:KODK) Reaches New 1-Year High – Here’s Why

Eastman Kodak (NYSE:KODK) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $6.56 and last traded at $6.54, with a volume of 3030357 shares. The stock had previously closed at $5.27.

Wall Street Analyst Weigh In

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

Eastman Kodak Stock Performance

The company’s 50 day simple moving average is $4.95 and its 200 day simple moving average is $5.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The stock has a market cap of $573.25 million, a PE ratio of 10.34 and a beta of 3.64.

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

Institutional Investors Weigh In On Eastman Kodak

A number of hedge funds have recently made changes to their positions in KODK. Dimensional Fund Advisors LP grew its position in Eastman Kodak by 49.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock valued at $10,801,000 after buying an additional 659,991 shares during the period. State Street Corp grew its position in shares of Eastman Kodak by 1.1% during the 3rd quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock valued at $9,233,000 after acquiring an additional 20,731 shares during the period. Geode Capital Management LLC grew its position in shares of Eastman Kodak by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock valued at $7,217,000 after acquiring an additional 57,487 shares during the period. Royce & Associates LP raised its holdings in shares of Eastman Kodak by 7.4% in the 3rd quarter. Royce & Associates LP now owns 940,334 shares of the technology company’s stock worth $4,438,000 after purchasing an additional 64,680 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Eastman Kodak by 2.1% in the second quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company’s stock valued at $4,448,000 after purchasing an additional 16,693 shares during the last quarter. 33.65% of the stock is currently owned by institutional investors.

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.