hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the broader stock market, after the business print and advanced products firm claimed it took a minority stake in a manufacturer of parts for batteries used for electric cars. Financial terms were not disclosed, but Kodak claimed it took the stake in Wildcat Exploration Technologies, which is creating an EV “extremely cell” that can give greater than 90% enhancement in energy thickness over existing batteries. Kodak stated the investment it made includes the objective of having Wildcat’s “super cell” prepared for commercialization in 2 years. “This investment in Wildcat reflects Kodak’s dedication to building brand-new services by leveraging our existing abilities and infrastructure,” claimed Kodak President Jim Continenza. “Covering substrates is a vital aspect of producing batteries as well as no one is much better at finishing than Kodak.” Kodak’s stock has gained 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has actually dropped 20.7% this year.
Eastman Kodak Co. stock climbs Friday, still underperforms market
The kodak stock forecast , +1.64% rose 1.64% to$ 4.96 Friday, on what verified to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index Compensation, +1.79% climbing 1.79% to 11,452.42 as well as the Dow Jones Industrial Standard DJIA, +2.15% increasing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 short of its 52-week high ($ 7.92), which the company achieved on August 3rd.
The stock outmatched some 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, as well as 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 quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Relocating Standard of $4.83.
Eastman Kodak (NYSE: KODK– Get Ranking)’s stock rate crossed below its 50 day relocating 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 volume of 1,025,146 shares changing hands.
A number of equities study analysts have actually lately issued reports on KODK shares. StockNews.com began protection on Eastman Kodak in a research report on Thursday, March 31st. They set a “sell” score on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” score to a “d” rating in a research study note on Friday, May 27th.
The business has a fifty day moving average rate of $4.83 and also a two-hundred day moving ordinary rate of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 and a beta of 4.61. The business has a debt-to-equity ratio of 0.33, an existing proportion of 2.37 and a quick ratio of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Score) last published its quarterly revenues results on Tuesday, May 10th. The innovation business reported ($ 0.08) revenues 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 company had income of $290.00 million during the quarter.
A number of institutional financiers have just recently dealt shares of the company. Amalgamated Financial institution obtained a brand-new stake in Eastman Kodak throughout the initial quarter valued at $47,000. PNC Financial Provider Group Inc. raised its risk in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Services Team Inc. now owns 8,000 shares of the modern technology business’s stock worth $52,000 after purchasing an added 6,600 shares in the last quarter. Qube Study & Technologies Ltd got a new stake in shares of Eastman Kodak during the 4th quarter valued at regarding $57,000. Commonwealth Equity Providers LLC bought a brand-new stake in shares of Eastman Kodak in the first quarter valued at roughly $69,000. Lastly, Sign Pointe Advisors LLC acquired a new setting in Eastman Kodak in the very first quarter worth about $83,000. Institutional financiers as well as hedge funds very own 44.78% of the firm’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Company offers hardware, software program, consumables, as well as services to customers in the commercial print, product packaging, publishing, production, and amusement markets worldwide. The firm operates through Standard Printing, Digital Printing, Advanced Products and Chemicals, as well as Brand name.