Eastman Kodak (NYSE:KODK) Stock Rating Lowered by Wall Street Zen

Eastman Kodak (NYSE:KODK) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings raised shares of Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Eastman Kodak has an average rating of “Hold”.

Eastman Kodak Price Performance

KODK stock opened at $9.69 on Friday. The company has a fifty day moving average price of $10.46 and a 200-day moving average price of $8.68. The company has a market capitalization of $945.26 million, a P/E ratio of -5.15 and a beta of 1.66. Eastman Kodak has a 52-week low of $4.94 and a 52-week high of $14.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.53.

Eastman Kodak (NYSE:KODK) last released its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $265.00 million for 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

A number of hedge funds have recently bought and sold shares of the company. Denali Advisors LLC bought a new stake in Eastman Kodak in the third quarter valued at $836,000. First Eagle Investment Management LLC boosted its holdings in 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 worth $4,708,000 after purchasing an additional 231,217 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Eastman Kodak by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 5,712,683 shares of the technology company’s stock worth $48,329,000 after purchasing an additional 514,558 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its holdings in Eastman Kodak by 38.6% during the third quarter. Prescott Group Capital Management L.L.C. now owns 374,345 shares of the technology company’s stock worth $2,400,000 after purchasing an additional 104,345 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Eastman Kodak by 239.7% during the second quarter. Tower Research Capital LLC TRC now owns 8,075 shares of the technology company’s stock worth $46,000 after purchasing an additional 5,698 shares during the last quarter. Institutional investors 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.