hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in morning trading Wednesday, to buck the selloff in the more comprehensive stock market, after the business print and also sophisticated products business said it took a minority stake in a maker of elements for batteries utilized for electrical lorries. Financial terms were not disclosed, however Kodak said it took the stake in Wildcat Exploration Technologies, which is creating an EV “incredibly cell” that can supply greater than 90% improvement in power density over current batteries. Kodak claimed the financial investment it made includes the goal of having Wildcat’s “very cell” all set for commercialization in two years. “This financial investment in Wildcat shows Kodak’s commitment to constructing brand-new services by leveraging our existing skills and also framework,” stated Kodak President Jim Continenza. “Covering substratums is a vital facet of manufacturing batteries as well as nobody is better at finish 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 rises Friday, still underperforms market
The eastman kodak stock price today , +1.64% climbed 1.64% to$ 4.96 Friday, on what proved to be a well-rounded desirable trading session for the stock exchange, with the NASDAQ Composite Index Compensation, +1.79% rising 1.79% to 11,452.42 as well as the Dow Jones Industrial Average DJIA, +2.15% climbing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 short of its 52-week high ($ 7.92), which the business accomplished 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% rose 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% increased 0.99% to $53.16. Trading volume (739,475) stayed 403,162 listed below its 50-day average 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 Ranking)’s stock cost crossed below its 50 day relocating standard throughout trading on Monday. The stock has a 50 day relocating average of $4.83 and traded as low as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares altering hands.
A variety of equities research study experts have actually recently provided reports on KODK shares. StockNews.com began protection on Eastman Kodak in a research study record on Thursday, March 31st. They set a “sell” rating 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.
The business has a fifty day moving typical price of $4.83 and a two-hundred day moving average cost of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 and also a beta of 4.61. The company has a debt-to-equity proportion of 0.33, an existing proportion of 2.37 and a quick proportion of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Ranking) last published its quarterly revenues results on Tuesday, May 10th. The technology firm reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also a net margin of 1.28%. The company had income of $290.00 million throughout the quarter.
Several institutional investors have recently dealt shares of the company. Amalgamated Bank acquired a new stake in Eastman Kodak throughout the initial quarter valued at $47,000. PNC Financial Services Group Inc. elevated its risk in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Provider Team Inc. now has 8,000 shares of the innovation firm’s stock worth $52,000 after buying an added 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd got a new risk in shares of Eastman Kodak throughout the 4th quarter valued at regarding $57,000. Commonwealth Equity Solutions LLC purchased a brand-new risk in shares of Eastman Kodak in the first quarter valued at roughly $69,000. Lastly, Sign Pointe Advisors LLC acquired a brand-new setting in Eastman Kodak in the 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 Firm supplies equipment, software, consumables, and also solutions to consumers in the industrial print, product packaging, posting, production, and entertainment markets worldwide. The firm operates via Standard Printing, Digital Printing, Advanced Products and Chemicals, and Brand.