Eastman Kodak (NYSE:KODK) Releases Earnings Results

Eastman Kodak (NYSE:KODK) announced its earnings results on Monday. The technology company reported $0.23 earnings per share (EPS) for the quarter, Zacks reports. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

Eastman Kodak Stock Performance

Shares of KODK traded up $0.06 during mid-day trading on Monday, hitting $7.03. 2,523,861 shares of the company’s stock were exchanged, compared to its average volume of 1,121,814. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. Eastman Kodak has a 52 week low of $4.26 and a 52 week high of $8.24. The stock’s 50-day simple moving average is $7.06 and its 200-day simple moving average is $6.09. The firm has a market cap of $565.53 million, a price-to-earnings ratio of 10.05 and a beta of 3.75.

Insider Activity at Eastman Kodak

In related news, Director Michael Sileck purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $7.02 per share, with a total value of $70,200.00. Following the completion of the purchase, the director now directly owns 107,940 shares in the company, valued at $757,738.80. This trade represents a 10.21 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.86% of the stock is currently owned by corporate insiders.

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.