hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in morning trading Wednesday, to buck the selloff in the broader stock market, after the industrial print and sophisticated materials business stated it took a minority stake in a maker of components for batteries used for electric cars. Financial terms were not revealed, yet Kodak said it took the risk in Wildcat Discovery Technologies, which is establishing an EV “very cell” that can supply more than 90% enhancement in energy density over current batteries. Kodak claimed the financial investment it made features the goal of having Wildcat’s “incredibly cell” ready for commercialization in two years. “This investment in Wildcat reflects Kodak’s dedication to building brand-new services by leveraging our existing abilities as well as framework,” stated Kodak President Jim Continenza. “Covering substrates is a crucial aspect of making batteries and also no person is better at coating than Kodak.” Kodak’s stock has actually obtained 7.3% year to date. 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% climbed 1.64% to$ 4.96 Friday, on what proved to be a well-rounded favorable trading session for the stock exchange, with the NASDAQ Composite Index COMP, +1.79% climbing 1.79% to 11,452.42 as well as the Dow Jones Industrial Standard DJIA, +2.15% climbing 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 except its 52-week high ($ 7.92), which the company attained on August 3rd.
The stock exceeded several of its competitors Friday, as Canon Inc. ADR CAJ, +0.94% rose 0.94% to$ 22.62, HP Inc. HPQ, +1.54% climbed 1.54% to $31.66, as well as FUJIFILM Holdings Corp. ADR FUJIY, +0.99% increased 0.99% to $53.16. Trading volume (739,475) remained 403,162 below its 50-day average volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Moving Average of $4.83.
Eastman Kodak (NYSE: KODK– Get Ranking)’s stock price went across listed below its 50 day moving average during trading on Monday. The stock has a 50 day moving standard of $4.83 as well as traded as reduced as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares transforming hands.
A variety of equities research study analysts have actually recently released records on KODK shares. StockNews.com started protection on Eastman Kodak in a research record on Thursday, March 31st. They established a “sell” rating on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” rating to a “d” ranking in a research study note on Friday, May 27th.
The 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 $377.24 million, a PE ratio of 239.00 and also a beta of 4.61. The business has a debt-to-equity proportion of 0.33, a current proportion of 2.37 and a fast ratio of 1.63.
Eastman Kodak (NYSE: KODK– Get Score) last uploaded its quarterly revenues results on Tuesday, May 10th. The innovation business reported ($ 0.08) incomes 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 capitalists have actually recently dealt shares of the firm. Amalgamated Financial institution got a brand-new stake in Eastman Kodak during the very first quarter valued at $47,000. PNC Financial Provider Group Inc. increased its stake in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Provider Team Inc. currently has 8,000 shares of the technology company’s stock worth $52,000 after purchasing an added 6,600 shares in the last quarter. Qube Research & Technologies Ltd acquired a new risk in shares of Eastman Kodak throughout the fourth quarter valued at about $57,000. Commonwealth Equity Services LLC got a new stake in shares of Eastman Kodak in the 1st quarter valued at roughly $69,000. Ultimately, Sign Pointe Advisors LLC got a new placement in Eastman Kodak in the very first quarter worth approximately $83,000. Institutional investors and hedge funds very own 44.78% of the business’s stock.
Regarding Eastman Kodak (NYSE: KODK).
Eastman Kodak Firm offers equipment, software program, consumables, and solutions to clients in the industrial print, product packaging, posting, production, and also enjoyment markets worldwide. The company runs with Traditional Printing, Digital Printing, Advanced Products as well as Chemicals, as well as Brand.