hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the broader stock exchange, after the industrial print and innovative products business claimed it took a minority stake in a manufacturer of components for batteries utilized for electrical lorries. Financial terms were not revealed, but Kodak said it took the stake in Wildcat Discovery Technologies, which is developing an EV “incredibly cell” that can offer above 90% improvement in power density over existing batteries. Kodak said the investment it made includes the goal of having Wildcat’s “very cell” ready for commercialization in 2 years. “This financial investment in Wildcat shows Kodak’s dedication to building brand-new businesses by leveraging our existing skills as well as facilities,” claimed Kodak President Jim Continenza. “Covering substratums is a critical facet of manufacturing batteries and also no one is better at finishing than Kodak.” Kodak’s stock has acquired 7.3% year to date. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has gone down 20.7% this year.
Eastman Kodak Co. stock climbs Friday, still underperforms market
The kodak stock news , +1.64% increased 1.64% to$ 4.96 Friday, on what proved to be a well-rounded beneficial trading session for the stock exchange, with the NASDAQ Composite Index Compensation, +1.79% climbing 1.79% to 11,452.42 and also the Dow Jones Industrial Average DJIA, +2.15% increasing 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 short of its 52-week high ($ 7.92), which the business accomplished on August 3rd.
The stock outmatched several of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% climbed 0.94% to$ 22.62, HP Inc. HPQ, +1.54% rose 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% rose 0.99% to $53.16. Trading quantity (739,475) stayed 403,162 listed below its 50-day ordinary volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Moving Standard of $4.83.
Eastman Kodak (NYSE: KODK– Get Score)’s stock price crossed below its 50 day relocating average throughout trading on Monday. The stock has a 50 day relocating standard of $4.83 as well as traded as low as $4.70. Eastman Kodak shares last traded at $4.78, with a volume of 1,025,146 shares changing hands.
A variety of equities study analysts have lately issued records on KODK shares. StockNews.com started insurance coverage on Eastman Kodak in a study report on Thursday, March 31st. They set a “sell” score on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” rating to a “d” rating in a research note on Friday, May 27th.
Business has a fifty day moving typical cost of $4.83 as well as a two-hundred day relocating average price of $4.97. The company has a market cap of $377.24 million, a PE ratio of 239.00 and also a beta of 4.61. The firm has a debt-to-equity proportion of 0.33, a current ratio of 2.37 and also a fast ratio of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Score) last uploaded its quarterly revenues outcomes on Tuesday, May 10th. The modern technology business reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% as well as a web margin of 1.28%. The company had income of $290.00 million during the quarter.
Several institutional investors have recently dealt shares of the company. Amalgamated Bank got a brand-new risk in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Services Team Inc. elevated its stake in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Provider Team Inc. currently owns 8,000 shares of the innovation firm’s stock worth $52,000 after buying an additional 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd obtained a brand-new risk in shares of Eastman Kodak throughout the 4th quarter valued at regarding $57,000. Commonwealth Equity Solutions LLC purchased a new stake in shares of Eastman Kodak in the 1st quarter valued at approximately $69,000. Lastly, Sign Pointe Advisors LLC got a new setting in Eastman Kodak in the very first quarter worth approximately $83,000. Institutional investors as well as hedge funds very own 44.78% of the business’s stock.
Regarding Eastman Kodak (NYSE: KODK).
Eastman Kodak Company provides equipment, software, consumables, and services to consumers in the industrial print, product packaging, publishing, manufacturing, and also entertainment markets worldwide. The company operates with Typical Printing, Digital Printing, Advanced Materials and also Chemicals, and also Brand.