Eastman Kodak (NYSE:KODK) Trading Down 3.3% – Here’s What Happened

Eastman Kodak (NYSE:KODK) shares dropped 3.3% on Friday . The company traded as low as $7.12 and last traded at $7.09. Approximately 327,248 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 1,173,605 shares. The stock had previously closed at $7.33.

Eastman Kodak Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The firm has a market capitalization of $584.91 million, a PE ratio of 10.39 and a beta of 3.70. The firm’s 50 day moving average price is $6.47 and its 200-day moving average price is $5.57.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 EPS for the quarter. The company 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%.

Insiders Place Their Bets

In other news, 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 cost of $6.50 per share, with a total value of $39,000.00. Following the completion of the purchase, the director now directly owns 170,026 shares of the company’s stock, valued at approximately $1,105,169. The trade was a 3.66 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Sileck acquired 10,000 shares of Eastman Kodak stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $7.02 per share, with a total value of $70,200.00. Following the completion of the purchase, the director now owns 107,940 shares in the company, valued at $757,738.80. The trade was a 10.21 % increase in their position. The disclosure for this purchase can be found here. 23.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Eastman Kodak

Large investors have recently modified their holdings of the business. Victory Capital Management Inc. purchased a new position in shares of Eastman Kodak in the third quarter worth about $635,000. Geode Capital Management LLC lifted its stake in Eastman Kodak by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock worth $7,217,000 after purchasing an additional 57,487 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Eastman Kodak by 77.9% during the 2nd quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock worth $3,848,000 after purchasing an additional 313,191 shares during the last quarter. State Street Corp grew its position in shares of Eastman Kodak by 1.1% in the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock valued at $9,233,000 after purchasing an additional 20,731 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Eastman Kodak in the second quarter valued at approximately $2,197,000. 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.