Eastman Kodak (NYSE:KODK) Shares Up 7.4% – Time to Buy?

Eastman Kodak (NYSE:KODK)’s stock price shot up 7.4% during trading on Friday . The company traded as high as $7.68 and last traded at $7.67. 887,029 shares changed hands during trading, a decline of 0% from the average session volume of 890,956 shares. The stock had previously closed at $7.14.

Wall Street Analysts Forecast Growth

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

Eastman Kodak Stock Up 2.5 %

The firm has a market cap of $588.53 million, a price-to-earnings ratio of 10.96 and a beta of 3.64. 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 business’s 50-day moving average is $5.04 and its 200-day moving average is $5.21.

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

Institutional Investors Weigh In On Eastman Kodak

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. acquired a new stake in Eastman Kodak in the 3rd quarter valued at about $180,000. Barclays PLC increased its position in Eastman Kodak by 277.6% in the 3rd quarter. Barclays PLC now owns 79,094 shares of the technology company’s stock valued at $373,000 after acquiring an additional 58,150 shares in the last quarter. 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 worth $7,217,000 after buying an additional 57,487 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 worth $9,233,000 after buying an additional 20,731 shares during the period. Finally, Cobblestone Capital Advisors LLC NY acquired a new stake in shares of Eastman Kodak during the 3rd quarter worth approximately $95,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

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.