hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in morning trading Wednesday, to throw the selloff in the more comprehensive stock exchange, after the industrial print and also advanced products firm said it took a minority stake in a maker of parts for batteries utilized for electric cars. Financial terms were not revealed, however Kodak claimed it took the stake in Wildcat Discovery Technologies, which is establishing an EV “very cell” that can provide higher than 90% improvement in energy density over current batteries. Kodak claimed the investment it made comes with the objective of having Wildcat’s “incredibly cell” prepared for commercialization in 2 years. “This investment in Wildcat reflects Kodak’s commitment to developing brand-new companies by leveraging our existing skills and facilities,” claimed Kodak Chief Executive Jim Continenza. “Covering substrates is a crucial element of producing batteries as well as no one is much better at finishing than Kodak.” Kodak’s stock has actually acquired 7.3% year to date. The S&P 500 SPX, +1.92%, which was down 1.0% early Wednesday, has dropped 20.7% this year.
Eastman Kodak Co. stock rises Friday, still underperforms market
The kodak stock history , +1.64% increased 1.64% to$ 4.96 Friday, on what confirmed to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index Compensation, +1.79% rising 1.79% to 11,452.42 and the Dow Jones Industrial Average DJIA, +2.15% climbing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 except its 52-week high ($ 7.92), which the business accomplished on August 3rd.
The stock exceeded several of its competitors 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% increased 0.99% to $53.16. Trading quantity (739,475) remained 403,162 listed below its 50-day average volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Moving Standard of $4.83.
Eastman Kodak (NYSE: KODK– Obtain Ranking)’s stock cost crossed listed below its 50 day moving standard throughout trading on Monday. The stock has a 50 day moving average 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 experts have actually just recently provided records on KODK shares. StockNews.com began insurance coverage on Eastman Kodak in a research study report on Thursday, March 31st. They set a “sell” score on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” score to a “d” score in a research study note on Friday, May 27th.
Business has a fifty day moving typical rate of $4.83 and a two-hundred day relocating typical rate of $4.97. The company has a market cap of $377.24 million, a PE ratio of 239.00 as well as a beta of 4.61. The firm has a debt-to-equity proportion of 0.33, an existing ratio of 2.37 and also a fast ratio of 1.63.
Eastman Kodak (NYSE: KODK– Get Score) last uploaded its quarterly earnings outcomes on Tuesday, May 10th. The modern technology firm reported ($ 0.08) profits per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also a web margin of 1.28%. The firm had earnings of $290.00 million throughout the quarter.
Several institutional capitalists have actually recently bought and sold shares of the business. Amalgamated Financial institution obtained a brand-new risk in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Provider Team Inc. increased its stake in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Provider Team Inc. currently possesses 8,000 shares of the innovation firm’s stock worth $52,000 after buying an additional 6,600 shares in the last quarter. Qube Study & Technologies Ltd got a brand-new stake in shares of Eastman Kodak throughout the 4th quarter valued at concerning $57,000. Commonwealth Equity Providers LLC got a brand-new stake in shares of Eastman Kodak in the 1st quarter valued at roughly $69,000. Ultimately, Beacon Pointe Advisors LLC obtained a brand-new placement in Eastman Kodak in the very first quarter worth about $83,000. Institutional investors and also hedge funds own 44.78% of the firm’s stock.
Concerning Eastman Kodak (NYSE: KODK).
Eastman Kodak Business gives hardware, software application, consumables, and also solutions to consumers in the industrial print, product packaging, posting, manufacturing, as well as enjoyment markets worldwide. The firm runs via Standard Printing, Digital Printing, Advanced Materials and also Chemicals, and Brand name.