hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to buck the selloff in the broader stock exchange, after the industrial print and also sophisticated products firm stated it took a minority risk in a manufacturer of components for batteries used for electric cars. Financial terms were not divulged, but Kodak claimed it took the stake in Wildcat Exploration Technologies, which is developing an EV “very cell” that can offer above 90% improvement in power density over existing batteries. Kodak stated the investment it made features the goal of having Wildcat’s “very cell” prepared for commercialization in 2 years. “This financial investment in Wildcat shows Kodak’s dedication to constructing new services by leveraging our existing abilities as well as facilities,” claimed Kodak Chief Executive Jim Continenza. “Covering substratums is an important element of producing batteries and no one is much better at layer than Kodak.” Kodak’s stock has actually gotten 7.3% year to date. The S&P 500 SPX, +1.92%, which was down 1.0% early Wednesday, has actually gone down 20.7% this year.
Eastman Kodak Co. stock rises Friday, still underperforms market
The kodak stock quote , +1.64% rose 1.64% to$ 4.96 Friday, on what showed to be an all-around beneficial trading session for the securities market, with the NASDAQ Composite Index COMP, +1.79% increasing 1.79% to 11,452.42 and the Dow Jones Industrial Standard 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 achieved on August 3rd.
The stock outshined a few of its competitors Friday, as Canon Inc. ADR CAJ, +0.94% climbed 0.94% to$ 22.62, HP Inc. HPQ, +1.54% increased 1.54% to $31.66, as well as FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 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 Below 50-Day Moving Standard of $4.83.
Eastman Kodak (NYSE: KODK– Obtain Rating)’s stock cost crossed listed below its 50 day moving average throughout trading on Monday. The stock has a 50 day relocating average 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 changing hands.
A number of equities research experts have actually lately released reports on KODK shares. StockNews.com began protection on Eastman Kodak in a study record on Thursday, March 31st. They established a “sell” rating on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” ranking to a “d” ranking in a research note on Friday, May 27th.
The business has a fifty day relocating average rate of $4.83 and also a two-hundred day relocating typical price of $4.97. The company has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The business has a debt-to-equity ratio of 0.33, an existing proportion of 2.37 and a quick ratio of 1.63.
Eastman Kodak (NYSE: KODK– Get Score) last published its quarterly revenues results on Tuesday, May 10th. The technology company reported ($ 0.08) earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% as well as an internet margin of 1.28%. The business had income of $290.00 million throughout the quarter.
A number of institutional investors have lately dealt shares of the company. Amalgamated Financial institution acquired a new stake in Eastman Kodak throughout the initial quarter valued at $47,000. PNC Financial Services Group Inc. raised its stake in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Solutions Team Inc. currently owns 8,000 shares of the modern technology business’s stock worth $52,000 after acquiring an extra 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd acquired a new stake in shares of Eastman Kodak during the fourth quarter valued at concerning $57,000. Commonwealth Equity Providers LLC got a new risk in shares of Eastman Kodak in the first quarter valued at around $69,000. Ultimately, Beacon Pointe Advisors LLC got a brand-new position in Eastman Kodak in the very first quarter worth approximately $83,000. Institutional investors and also hedge funds own 44.78% of the company’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Business gives equipment, software, consumables, and services to clients in the industrial print, packaging, posting, production, and also entertainment markets worldwide. The firm operates through Conventional Printing, Digital Printing, Advanced Materials as well as Chemicals, and Brand name.