hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to throw the selloff in the broader stock exchange, after the commercial print as well as advanced materials company said it took a minority risk in a manufacturer of components for batteries used for electrical lorries. Financial terms were not divulged, however Kodak stated it took the stake in Wildcat Exploration Technologies, which is developing an EV “super cell” that can offer greater than 90% renovation in energy thickness over present batteries. Kodak claimed the investment it made comes with the objective of having Wildcat’s “very cell” ready for commercialization in two years. “This financial investment in Wildcat shows Kodak’s commitment to developing brand-new companies by leveraging our existing skills as well as facilities,” claimed Kodak Chief Executive Jim Continenza. “Coating substrates is a critical aspect of producing batteries as well as no one is better at coating 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% early Wednesday, has dropped 20.7% this year.
Eastman Kodak Co. stock increases Friday, still underperforms market
The kodak stock buy or sell , +1.64% increased 1.64% to$ 4.96 Friday, on what confirmed to be a well-rounded positive trading session for the stock market, with the NASDAQ Composite Index COMP, +1.79% rising 1.79% to 11,452.42 and also the Dow Jones Industrial Average DJIA, +2.15% increasing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 except its 52-week high ($ 7.92), which the business attained on August 3rd.
The stock surpassed a few of its rivals 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, and also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% rose 0.99% to $53.16. Trading volume (739,475) remained 403,162 below its 50-day typical volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Average of $4.83.
Eastman Kodak (NYSE: KODK– Get Rating)’s stock cost crossed listed below its 50 day moving standard during trading on Monday. The stock has a 50 day relocating standard of $4.83 as well as traded as low as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares transforming hands.
A number of equities research experts have lately released records on KODK shares. StockNews.com started insurance coverage on Eastman Kodak in a study record on Thursday, March 31st. They set a “sell” rating on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” rating to a “d” ranking in a research note on Friday, May 27th.
The business has a fifty day relocating ordinary price of $4.83 and also a two-hundred day relocating typical cost of $4.97. The company has a market cap of $377.24 million, a PE ratio of 239.00 and also a beta of 4.61. The firm has a debt-to-equity ratio of 0.33, a current proportion of 2.37 as well as a quick proportion of 1.63.
Eastman Kodak (NYSE: KODK– Get Score) last posted its quarterly incomes results on Tuesday, May 10th. The innovation business reported ($ 0.08) profits per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% as well as a web margin of 1.28%. The company had profits of $290.00 million during the quarter.
A number of institutional financiers have actually just recently dealt shares of the company. Amalgamated Financial institution got a brand-new risk in Eastman Kodak throughout the first quarter valued at $47,000. PNC Financial Services Team Inc. elevated its stake in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Services Group Inc. currently possesses 8,000 shares of the technology business’s stock worth $52,000 after purchasing an additional 6,600 shares in the last quarter. Qube Research & Technologies Ltd obtained a brand-new risk in shares of Eastman Kodak throughout the fourth quarter valued at about $57,000. Republic Equity Providers LLC purchased a new risk in shares of Eastman Kodak in the 1st quarter valued at about $69,000. Finally, Sign Pointe Advisors LLC obtained a brand-new position in Eastman Kodak in the very first quarter worth approximately $83,000. Institutional financiers and also hedge funds own 44.78% of the business’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Business supplies hardware, software program, consumables, and also services to consumers in the business print, packaging, posting, production, as well as home entertainment markets worldwide. The company operates with Traditional Printing, Digital Printing, Advanced Products and also Chemicals, and also Brand.