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

Eastman Kodak (NYSE:KODK)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $7.80 and last traded at $7.79, with a volume of 1747647 shares changing hands. The stock had previously closed at $7.28.

Eastman Kodak Stock Performance

The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The firm has a market cap of $612.41 million, a PE ratio of 10.88 and a beta of 3.70. The firm has a 50-day moving average price of $6.50 and a two-hundred day moving average price of $5.59.

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 company 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 Buying and Selling at Eastman Kodak

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

Institutional Investors Weigh In On Eastman Kodak

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in Eastman Kodak in the third quarter valued at approximately $25,000. BNP Paribas Financial Markets lifted its stake in 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 purchased a new position in Eastman Kodak during the 3rd quarter valued at about $62,000. Quantbot Technologies LP acquired a new position in Eastman Kodak in the 3rd quarter valued at about $68,000. Finally, Cobblestone Capital Advisors LLC NY purchased a new stake in Eastman Kodak during the third quarter worth about $95,000. Hedge funds and other institutional investors 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.