Eastman Kodak (NYSE:KODK) Shares Down 7.4% – Should You Sell?

Eastman Kodak Company (NYSE:KODK) was down 7.4% during trading on Thursday . The company traded as low as $9.55 and last traded at $9.57. Approximately 1,054,272 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 1,116,851 shares. The stock had previously closed at $10.33.

Wall Street Analyst Weigh In

KODK has been the subject of several research reports. Wall Street Zen raised shares of Eastman Kodak from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Weiss Ratings lowered Eastman Kodak from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Eastman Kodak Trading Down 8.1%

The company has a quick ratio of 2.32, a current ratio of 2.53 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average is $10.35 and its 200-day moving average is $8.64. The stock has a market capitalization of $927.00 million, a price-to-earnings ratio of -5.05 and a beta of 1.66.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.21) earnings per share for the quarter. The firm had revenue of $265.00 million during the quarter. Eastman Kodak had a negative net margin of 12.60% and a negative return on equity of 21.13%.

Hedge Funds Weigh In On Eastman Kodak

Several large investors have recently modified their holdings of KODK. Denali Advisors LLC acquired a new position in Eastman Kodak in the third quarter valued at about $836,000. First Eagle Investment Management LLC increased its position in shares of Eastman Kodak by 45.9% during the third quarter. First Eagle Investment Management LLC now owns 734,433 shares of the technology company’s stock valued at $4,708,000 after acquiring an additional 231,217 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its stake in shares of Eastman Kodak by 38.6% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 374,345 shares of the technology company’s stock valued at $2,400,000 after acquiring an additional 104,345 shares during the period. AXQ Capital LP acquired a new position in shares of Eastman Kodak in the 3rd quarter worth approximately $127,000. Finally, Krilogy Financial LLC purchased a new position in shares of Eastman Kodak during the 4th quarter worth approximately $342,000. Institutional investors and hedge funds own 33.65% of the company’s stock.

About Eastman Kodak

Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.

Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.