Eastman Kodak (NYSE:KODK) Trading Down 7% – Time to Sell?

Eastman Kodak (NYSE:KODK)’s stock price traded down 7% on Friday . The stock traded as low as $7.55 and last traded at $7.52. 611,294 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 1,246,680 shares. The stock had previously closed at $8.08.

Eastman Kodak Stock Performance

The stock has a market cap of $608.23 million, a P/E ratio of 10.81 and a beta of 3.66. The stock has a fifty day simple moving average of $6.96 and a 200-day simple moving average of $5.74. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 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 for the quarter.

Insiders Place Their Bets

In related news, Director Philippe D. Katz acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the director now directly owns 170,026 shares in the company, valued at approximately $1,105,169. This trade represents a 3.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Sileck bought 10,000 shares of Eastman Kodak stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $7.02 per share, with a total value of $70,200.00. Following the acquisition, the director now directly owns 107,940 shares in the company, valued at $757,738.80. This trade represents a 10.21 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.86% of the company’s stock.

Institutional Investors Weigh In On Eastman Kodak

A number of institutional investors have recently made changes to their positions in KODK. Allspring Global Investments Holdings LLC bought a new stake in Eastman Kodak during the third quarter worth about $25,000. BNP Paribas Financial Markets boosted its position in shares of Eastman Kodak by 21.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock worth $60,000 after acquiring an additional 2,210 shares in the last quarter. Intech Investment Management LLC bought a new position in Eastman Kodak in the third quarter valued at approximately $62,000. Quantbot Technologies LP acquired a new position in Eastman Kodak during the third quarter valued at approximately $68,000. Finally, ARK Investment Management LLC lifted its stake in Eastman Kodak by 9.7% during the fourth quarter. ARK Investment Management LLC now owns 19,218 shares of the technology company’s stock worth $126,000 after purchasing an additional 1,692 shares during the last quarter. Institutional investors own 33.65% of the company’s stock.

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.