hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the more comprehensive stock exchange, after the business print and sophisticated products business claimed it took a minority stake in a maker of elements for batteries used for electric vehicles. Financial terms were not revealed, but Kodak stated it took the stake in Wildcat Discovery Technologies, which is creating an EV “incredibly cell” that can provide more than 90% renovation in energy density over existing batteries. Kodak claimed the investment it made includes the goal of having Wildcat’s “super cell” prepared for commercialization in two years. “This investment in Wildcat shows Kodak’s dedication to building new businesses by leveraging our existing skills as well as facilities,” said Kodak President Jim Continenza. “Finish substrates is an important aspect of producing batteries and no person is much better at layer than Kodak.” Kodak’s stock has actually gained 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has actually gone down 20.7% this year.
Eastman Kodak Co. stock climbs Friday, still underperforms market
The eastman kodak stock price , +1.64% increased 1.64% to$ 4.96 Friday, on what proved to be a well-rounded favorable trading session for the securities market, with the NASDAQ Composite Index COMP, +1.79% rising 1.79% to 11,452.42 and the Dow Jones Industrial Standard DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 short of its 52-week high ($ 7.92), which the business achieved on August 3rd.
The stock outperformed several of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% increased 0.94% to$ 22.62, HP Inc. HPQ, +1.54% increased 1.54% to $31.66, and also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% rose 0.99% to $53.16. Trading volume (739,475) stayed 403,162 below its 50-day average volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Average of $4.83.
Eastman Kodak (NYSE: KODK– Get Rating)’s stock rate went across below its 50 day moving standard during trading on Monday. The stock has a 50 day relocating standard of $4.83 and also traded as low as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares altering hands.
A number of equities research analysts have lately issued reports on KODK shares. StockNews.com started protection on Eastman Kodak in a research record on Thursday, March 31st. They established a “sell” ranking on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” ranking to a “d” rating in a study note on Friday, May 27th.
Business has a fifty day relocating ordinary cost of $4.83 as well as a two-hundred day moving typical rate of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 and also a beta of 4.61. The business has a debt-to-equity ratio of 0.33, a current ratio of 2.37 and also a fast ratio of 1.63.
Eastman Kodak (NYSE: KODK– Get Ranking) last published its quarterly incomes results on Tuesday, May 10th. The technology firm reported ($ 0.08) earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also an internet margin of 1.28%. The firm had revenue of $290.00 million throughout the quarter.
Several institutional investors have actually just recently dealt shares of the firm. Amalgamated Bank obtained a new stake in Eastman Kodak throughout the first quarter valued at $47,000. PNC Financial Services Group Inc. elevated its risk in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Solutions Team Inc. currently owns 8,000 shares of the modern technology firm’s stock worth $52,000 after acquiring an added 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd obtained a new stake in shares of Eastman Kodak during the 4th quarter valued at about $57,000. Republic Equity Providers LLC acquired a brand-new stake in shares of Eastman Kodak in the first quarter valued at around $69,000. Ultimately, Sign Pointe Advisors LLC acquired a brand-new placement in Eastman Kodak in the very first quarter worth around $83,000. Institutional capitalists as well as hedge funds very own 44.78% of the company’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Firm offers hardware, software program, consumables, and services to clients in the industrial print, product packaging, posting, manufacturing, as well as enjoyment markets worldwide. The company runs via Conventional Printing, Digital Printing, Advanced Products as well as Chemicals, as well as Brand.