hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to throw the selloff in the broader stock market, after the commercial print and also sophisticated products business claimed it took a minority risk in a maker of elements for batteries utilized for electrical lorries. Financial terms were not divulged, however Kodak stated it took the stake in Wildcat Exploration Technologies, which is establishing an EV “super cell” that can supply more than 90% renovation in power thickness over existing batteries. Kodak said the financial investment it made includes the objective of having Wildcat’s “very cell” prepared for commercialization in two years. “This financial investment in Wildcat shows Kodak’s commitment to developing brand-new organizations by leveraging our existing abilities as well as framework,” claimed Kodak Chief Executive Jim Continenza. “Finish substrates is an important facet of making batteries and also no one is much better at coating than Kodak.” Kodak’s stock has obtained 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 eastman kodak stock , +1.64% rose 1.64% to$ 4.96 Friday, on what proved to be a well-rounded positive trading session for the stock exchange, with the NASDAQ Composite Index Compensation, +1.79% climbing 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 $2.96 except its 52-week high ($ 7.92), which the business 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% increased 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 below its 50-day average quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Standard of $4.83.
Eastman Kodak (NYSE: KODK– Obtain Score)’s stock price went across listed below its 50 day relocating average during 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 changing hands.
A number of equities research experts have lately provided reports on KODK shares. StockNews.com started coverage on Eastman Kodak in a study record on Thursday, March 31st. They set a “sell” ranking on the stock. TheStreet reduced shares of Eastman Kodak from a “c-” ranking to a “d” score in a research note on Friday, May 27th.
The business has a fifty day relocating ordinary cost of $4.83 and a two-hundred day moving typical rate of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The company has a debt-to-equity ratio of 0.33, an existing proportion of 2.37 and also a fast ratio of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Score) last published its quarterly earnings outcomes on Tuesday, May 10th. The innovation firm reported ($ 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 company had income of $290.00 million during the quarter.
Numerous institutional investors have actually lately dealt shares of the company. Amalgamated Bank acquired a brand-new stake in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Solutions Team Inc. elevated its risk in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Solutions Team Inc. currently owns 8,000 shares of the innovation business’s stock worth $52,000 after buying an additional 6,600 shares in the last quarter. Qube Study & Technologies Ltd obtained a new stake in shares of Eastman Kodak during the 4th quarter valued at about $57,000. Commonwealth Equity Solutions LLC purchased a new stake in shares of Eastman Kodak in the 1st quarter valued at about $69,000. Ultimately, Beacon Pointe Advisors LLC obtained a new position in Eastman Kodak in the very first quarter worth roughly $83,000. Institutional investors and also hedge funds very own 44.78% of the business’s stock.
Concerning Eastman Kodak (NYSE: KODK).
Eastman Kodak Business provides hardware, software program, consumables, and also solutions to clients in the business print, packaging, posting, manufacturing, as well as home entertainment markets worldwide. The company operates via Typical Printing, Digital Printing, Advanced Materials and Chemicals, and Brand name.