Eastman Kodak Company (NYSE:KODK) Stock Catapults 36% Though Its Price And Business Still Lag The Industry
Eastman Kodak Company (NYSE:KODK) shares have continued their recent momentum with a 36% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 55%.
Although its price has surged higher, Eastman Kodak’s price-to-sales (or “P/S”) ratio of 0.8x might still make it look like a buy right now compared to the Tech industry in the United States, where around half of the companies have P/S ratios above 2.2x and even P/S above 10x are quite common. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
