Eastman Kodak (NYSE:KODK) Reaches New 12-Month High – Still a Buy?

Eastman Kodak (NYSE:KODK) shares hit a new 52-week high on Monday . The stock traded as high as $6.56 and last traded at $6.54, with a volume of 3030357 shares. The stock had previously closed at $5.27.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Eastman Kodak from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

Eastman Kodak Stock Up 7.7 %

The stock’s 50 day moving average is $4.95 and its 200 day moving average is $5.18. The company has a market capitalization of $573.25 million, a PE ratio of 10.34 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.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in shares of Eastman Kodak by 77.9% in the second quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock worth $3,848,000 after buying an additional 313,191 shares in the last quarter. Marshall Wace LLP purchased a new stake in Eastman Kodak in the 2nd quarter worth approximately $2,197,000. XTX Topco Ltd purchased a new position in shares of Eastman Kodak during the 2nd quarter valued at $190,000. Susquehanna Fundamental Investments LLC increased its holdings in shares of Eastman Kodak by 59.7% in the second quarter. Susquehanna Fundamental Investments LLC now owns 218,669 shares of the technology company’s stock worth $1,176,000 after purchasing an additional 81,782 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Eastman Kodak by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 60,823 shares of the technology company’s stock worth $302,000 after buying an additional 3,214 shares in the last quarter. Hedge funds and other institutional investors own 33.65% of the company’s stock.

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.