hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in morning trading Wednesday, to throw the selloff in the broader securities market, after the commercial print and also advanced products business stated it took a minority risk in a manufacturer of parts for batteries used for electric vehicles. Financial terms were not divulged, but Kodak claimed it took the stake in Wildcat Exploration Technologies, which is developing an EV “incredibly cell” that can offer greater than 90% enhancement in power thickness over present 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 shows Kodak’s dedication to developing brand-new businesses by leveraging our existing skills as well as facilities,” stated Kodak President Jim Continenza. “Coating substrates is an essential element of manufacturing batteries as well as no person is better at layer than Kodak.” Kodak’s stock has actually obtained 7.3% year to day. 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 rises Friday, still underperforms market
The eastman kodak stock price today , +1.64% increased 1.64% to$ 4.96 Friday, on what confirmed to be an all-around beneficial 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% increasing 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 short of its 52-week high ($ 7.92), which the company attained on August 3rd.
The stock outperformed 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, and also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading volume (739,475) remained 403,162 below its 50-day ordinary quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Moving Average of $4.83.
Eastman Kodak (NYSE: KODK– Obtain Rating)’s stock cost crossed below its 50 day moving standard during trading on Monday. The stock has a 50 day relocating standard 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 changing hands.
A variety of equities research experts have lately issued reports on KODK shares. StockNews.com started protection on Eastman Kodak in a research report 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” score in a research study note on Friday, May 27th.
Business has a fifty day moving average cost of $4.83 and also a two-hundred day relocating ordinary cost of $4.97. The company has a market cap of $377.24 million, a PE ratio of 239.00 and also a beta of 4.61. The business has a debt-to-equity proportion of 0.33, a current ratio of 2.37 as well as a fast ratio of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Rating) last uploaded its quarterly earnings outcomes on Tuesday, May 10th. The modern technology business reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and a web margin of 1.28%. The business had income of $290.00 million throughout the quarter.
Several institutional capitalists have just recently bought and sold shares of the firm. Amalgamated Bank acquired a new risk in Eastman Kodak throughout the initial quarter valued at $47,000. PNC Financial Provider Group Inc. elevated its risk in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Services Group Inc. now has 8,000 shares of the innovation business’s stock worth $52,000 after acquiring an extra 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd acquired a brand-new stake in shares of Eastman Kodak during the fourth quarter valued at concerning $57,000. Commonwealth Equity Services LLC acquired a new stake in shares of Eastman Kodak in the first quarter valued at about $69,000. Lastly, Sign Pointe Advisors LLC obtained a new position in Eastman Kodak in the very first quarter worth approximately $83,000. Institutional capitalists and hedge funds very own 44.78% of the business’s stock.
Regarding Eastman Kodak (NYSE: KODK).
Eastman Kodak Firm offers equipment, software application, consumables, as well as solutions to customers in the business print, product packaging, posting, production, as well as amusement markets worldwide. The company operates through Conventional Printing, Digital Printing, Advanced Products and also Chemicals, and also Brand.