Eastman Kodak (NYSE:KODK) Stock Price Passes Below Two Hundred Day Moving Average of $4.78

Eastman Kodak (NYSE:KODKGet Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.78 and traded as low as $3.47. Eastman Kodak shares last traded at $3.49, with a volume of 640,525 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KODK. StockNews.com lowered Eastman Kodak from a “hold” rating to a “sell” rating in a research note on Tuesday, November 15th. TheStreet downgraded shares of Eastman Kodak from a “c-” rating to a “d” rating in a research note on Wednesday, November 23rd.

Eastman Kodak Stock Down 4.9 %

The stock has a market capitalization of $276.07 million, a P/E ratio of -174.41 and a beta of 4.21. The company has a current ratio of 2.35, a quick ratio of 1.43 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is $3.72 and its 200 day simple moving average is $4.78.

Eastman Kodak (NYSE:KODKGet Rating) last released its earnings results on Tuesday, November 8th. The technology company reported $0.03 EPS for the quarter. Eastman Kodak had a return on equity of 1.90% and a net margin of 1.08%. The company had revenue of $289.00 million for the quarter.

Institutional Investors Weigh In On Eastman Kodak

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Eastman Kodak by 3.2% in the 3rd quarter. BlackRock Inc. now owns 4,171,743 shares of the technology company’s stock worth $19,149,000 after purchasing an additional 129,126 shares during the last quarter. Vanguard Group Inc. raised its stake in Eastman Kodak by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 3,949,389 shares of the technology company’s stock valued at $25,868,000 after purchasing an additional 151,169 shares during the last quarter. State Street Corp raised its position in shares of Eastman Kodak by 3.6% during the third quarter. State Street Corp now owns 2,231,365 shares of the technology company’s stock valued at $10,242,000 after buying an additional 77,643 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Eastman Kodak by 90.6% in the second quarter. Wells Fargo & Company MN now owns 760,079 shares of the technology company’s stock valued at $3,527,000 after buying an additional 361,234 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Eastman Kodak by 10.1% during the 2nd quarter. Northern Trust Corp now owns 531,253 shares of the technology company’s stock worth $2,465,000 after purchasing an additional 48,811 shares in the last quarter. 44.77% of the stock is owned by institutional investors and hedge funds.

Eastman Kodak Company Profile

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Eastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand.

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