Shares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in morning trading Wednesday, to buck the selloff in the wider stock exchange, after the business print as well as sophisticated materials business claimed it took a minority stake in a maker of components for batteries used for electric vehicles. Financial terms were not revealed, yet Kodak stated it took the risk in Wildcat Discovery Technologies, which is developing an EV “very cell” that can supply higher than 90% enhancement in energy density over current batteries. Kodak said the financial investment it made features the objective of having Wildcat’s “incredibly cell” all set for commercialization in two years. “This investment in Wildcat reflects Kodak’s dedication to developing brand-new businesses by leveraging our existing skills and facilities,” stated Kodak Chief Executive Jim Continenza. “Finish substratums is a vital aspect of manufacturing batteries as well as nobody is better at covering than Kodak.” Kodak’s stock has actually gotten 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has dropped 20.7% this year.
Eastman Kodak Co. stock increases Friday, still underperforms market
The kodak stock quote , +1.64% rose 1.64% to$ 4.96 Friday, on what proved to be a well-rounded beneficial trading session for the stock exchange, with the NASDAQ Composite Index Compensation, +1.79% rising 1.79% to 11,452.42 and also the Dow Jones Industrial Average DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 short of its 52-week high ($ 7.92), which the firm attained on August 3rd.
The stock outmatched 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, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading quantity (739,475) continued to be 403,162 below its 50-day typical volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Relocating Average of $4.83.
Eastman Kodak (NYSE: KODK– Get Rating)’s stock price went across listed below its 50 day moving 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 volume of 1,025,146 shares altering hands.
A variety of equities research study experts have lately issued reports on KODK shares. StockNews.com began coverage on Eastman Kodak in a research study record on Thursday, March 31st. They established a “sell” score on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” rating to a “d” ranking in a study note on Friday, May 27th.
Business has a fifty day relocating average price of $4.83 as well as a two-hundred day moving average cost of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 as well as a beta of 4.61. The company has a debt-to-equity proportion of 0.33, a present ratio of 2.37 and also a quick ratio of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Ranking) last published its quarterly profits outcomes on Tuesday, May 10th. The technology company reported ($ 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 earnings of $290.00 million during the quarter.
A number of institutional financiers have just recently bought and sold shares of the firm. Amalgamated Financial institution got a brand-new risk in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Provider Team Inc. elevated its risk in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Solutions Team Inc. currently possesses 8,000 shares of the technology firm’s stock worth $52,000 after buying an additional 6,600 shares in the last quarter. Qube Study & Technologies Ltd acquired a brand-new risk in shares of Eastman Kodak throughout the 4th quarter valued at concerning $57,000. Commonwealth Equity Solutions LLC acquired a brand-new stake in shares of Eastman Kodak in the first quarter valued at roughly $69,000. Ultimately, Sign Pointe Advisors LLC obtained a new position in Eastman Kodak in the first quarter worth about $83,000. Institutional investors and hedge funds very own 44.78% of the company’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Company offers hardware, software program, consumables, as well as solutions to clients in the commercial print, product packaging, publishing, manufacturing, as well as home entertainment markets worldwide. The company runs through Conventional Printing, Digital Printing, Advanced Products and also Chemicals, as well as Brand.