Eastman Kodak (NYSE:KODK) Trading Down 3.3% – Time to Sell?

Eastman Kodak (NYSE:KODK)’s share price traded down 3.3% during mid-day trading on Friday . The stock traded as low as $7.12 and last traded at $7.09. 327,248 shares changed hands during trading, a decline of 72% from the average session volume of 1,173,605 shares. The stock had previously closed at $7.33.

Eastman Kodak Stock Down 0.8 %

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 company has a market capitalization of $584.91 million, a PE ratio of 10.39 and a beta of 3.70. The business’s 50 day simple moving average is $6.47 and its 200 day simple moving average is $5.57.

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

Insider Activity

In other news, Director Michael Sileck bought 10,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $7.02 per share, with a total value of $70,200.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philippe D. Katz purchased 6,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 170,026 shares of the company’s stock, valued at approximately $1,105,169. This trade represents a 3.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 23.86% of the company’s stock.

Hedge Funds Weigh In On Eastman Kodak

Several institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Eastman Kodak in the third quarter valued at approximately $25,000. BNP Paribas Financial Markets boosted its position in Eastman Kodak by 21.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock valued at $60,000 after buying an additional 2,210 shares during the period. Intech Investment Management LLC acquired a new position in shares of Eastman Kodak in the third quarter worth $62,000. Quantbot Technologies LP purchased a new stake in shares of Eastman Kodak during the third quarter worth $68,000. Finally, Cobblestone Capital Advisors LLC NY acquired a new stake in shares of Eastman Kodak in the third quarter valued at $95,000. 33.65% of the stock is owned by institutional investors and hedge funds.

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.