Eastman Kodak (NYSE:KODK) Hits New 52-Week High – What’s Next?

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

Analyst Ratings Changes

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

Eastman Kodak Stock Up 18.6 %

The stock’s fifty day moving average is $4.90 and its two-hundred day moving average is $5.16. The company has a current ratio of 2.41, a quick ratio of 1.51 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $502.50 million, a PE ratio of 9.19 and a beta of 3.64.

Eastman Kodak (NYSE:KODK) last issued its 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 business had revenue of $261.00 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KODK. Dimensional Fund Advisors LP boosted its stake in Eastman Kodak by 49.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock valued at $10,801,000 after purchasing an additional 659,991 shares during the last quarter. Marshall Wace LLP bought a new position in Eastman Kodak in the 2nd quarter worth $2,197,000. American Century Companies Inc. increased its position in Eastman Kodak by 77.9% in the second quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock worth $3,848,000 after buying an additional 313,191 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Eastman Kodak during the 3rd quarter valued at about $635,000. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of Eastman Kodak by 59.7% in the second quarter. Susquehanna Fundamental Investments LLC now owns 218,669 shares of the technology company’s stock worth $1,176,000 after purchasing an additional 81,782 shares during the period. 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.