hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to throw the selloff in the broader securities market, after the business print as well as advanced materials firm claimed it took a minority risk in a manufacturer of parts for batteries used for electrical vehicles. Financial terms were not divulged, however Kodak said it took the stake in Wildcat Discovery Technologies, which is creating an EV “very cell” that can offer above 90% renovation in energy thickness over current batteries. Kodak said the financial investment it made includes the objective of having Wildcat’s “very cell” all set for commercialization in two years. “This financial investment in Wildcat reflects Kodak’s dedication to building new businesses by leveraging our existing abilities and also facilities,” stated Kodak President Jim Continenza. “Layer substrates is an essential element of producing batteries and no person is much 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 actually gone down 20.7% this year.
Eastman Kodak Co. stock climbs Friday, still underperforms market
The kodak stock quote , +1.64% increased 1.64% to$ 4.96 Friday, on what proved to be a well-rounded favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.79% increasing 1.79% to 11,452.42 and the Dow Jones Industrial Standard 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 firm achieved on August 3rd.
The stock exceeded several of its competitors 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, as well as FUJIFILM Holdings Corp. ADR FUJIY, +0.99% rose 0.99% to $53.16. Trading quantity (739,475) continued to be 403,162 below its 50-day ordinary quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Standard of $4.83.
Eastman Kodak (NYSE: KODK– Get Score)’s stock price went across below its 50 day moving average throughout trading on Monday. The stock has a 50 day relocating average of $4.83 as well as traded as reduced 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 study experts have recently issued records on KODK shares. StockNews.com started coverage on Eastman Kodak in a research study report on Thursday, March 31st. They set a “sell” score on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” score to a “d” ranking in a research study note on Friday, May 27th.
Business has a fifty day moving ordinary rate of $4.83 and also a two-hundred day moving average cost of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The company has a debt-to-equity ratio of 0.33, an existing ratio of 2.37 and also a fast proportion of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Rating) last posted its quarterly earnings outcomes on Tuesday, May 10th. The technology firm reported ($ 0.08) earnings 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 firm had profits of $290.00 million during the quarter.
Several institutional investors have actually lately bought and sold shares of the firm. Amalgamated Bank obtained a brand-new risk in Eastman Kodak throughout the first quarter valued at $47,000. PNC Financial Solutions Team Inc. raised its stake in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Solutions Group Inc. currently possesses 8,000 shares of the technology company’s stock worth $52,000 after purchasing an additional 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd obtained a brand-new stake in shares of Eastman Kodak throughout the 4th quarter valued at regarding $57,000. Republic 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 got a new position in Eastman Kodak in the initial quarter worth roughly $83,000. Institutional financiers as well as hedge funds very own 44.78% of the company’s stock.
Regarding Eastman Kodak (NYSE: KODK).
Eastman Kodak Firm provides equipment, software, consumables, as well as services to customers in the industrial print, packaging, publishing, production, and amusement markets worldwide. The firm operates with Typical Printing, Digital Printing, Advanced Materials and Chemicals, and also Brand name.