hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to throw the selloff in the more comprehensive stock exchange, after the industrial print and also advanced products business said it took a minority risk in a maker of parts for batteries used for electrical lorries. Financial terms were not revealed, however Kodak said it took the stake in Wildcat Exploration Technologies, which is creating an EV “super cell” that can give higher than 90% enhancement in power thickness over present batteries. Kodak claimed the investment it made includes the goal of having Wildcat’s “extremely cell” ready for commercialization in 2 years. “This investment in Wildcat mirrors Kodak’s commitment to constructing new businesses by leveraging our existing skills and facilities,” said Kodak Chief Executive Jim Continenza. “Finish substrates is a critical facet of making batteries as well as nobody is better at layer than Kodak.” Kodak’s stock has actually acquired 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 kodak stock forecast , +1.64% climbed 1.64% to$ 4.96 Friday, on what showed to be a well-rounded positive trading session for the securities market, with the NASDAQ Composite Index Compensation, +1.79% rising 1.79% to 11,452.42 as well as the Dow Jones Industrial Standard DJIA, +2.15% increasing 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 outshined some 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 also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading volume (739,475) remained 403,162 listed below its 50-day ordinary volume 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 price crossed below its 50 day relocating standard during trading on Monday. The stock has a 50 day relocating standard of $4.83 and traded as reduced as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares changing hands.
A variety of equities study analysts have just recently released records on KODK shares. StockNews.com started protection on Eastman Kodak in a research study report on Thursday, March 31st. They established a “sell” score on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” ranking to a “d” rating in a research study note on Friday, May 27th.
Business has a fifty day relocating ordinary rate of $4.83 as well as a two-hundred day moving ordinary rate of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 and a beta of 4.61. The business has a debt-to-equity proportion of 0.33, a current proportion of 2.37 and a fast ratio of 1.63.
Eastman Kodak (NYSE: KODK– Get Ranking) last posted its quarterly earnings results on Tuesday, May 10th. The modern technology firm reported ($ 0.08) profits per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also an internet margin of 1.28%. The company had profits of $290.00 million during the quarter.
Several institutional financiers have just recently bought and sold shares of the company. Amalgamated Bank got a new risk in Eastman Kodak during the initial quarter valued at $47,000. PNC Financial Services Group Inc. raised its stake in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Services Group Inc. now possesses 8,000 shares of the innovation company’s stock worth $52,000 after buying an extra 6,600 shares in the last quarter. Qube Study & Technologies Ltd obtained a brand-new stake in shares of Eastman Kodak throughout the fourth quarter valued at concerning $57,000. Republic Equity Providers LLC got a brand-new stake in shares of Eastman Kodak in the first quarter valued at approximately $69,000. Lastly, Beacon Pointe Advisors LLC got a brand-new setting in Eastman Kodak in the initial quarter worth approximately $83,000. Institutional financiers and also hedge funds own 44.78% of the company’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Business supplies equipment, software program, consumables, and services to consumers in the industrial print, product packaging, publishing, manufacturing, and also amusement markets worldwide. The company operates via Typical Printing, Digital Printing, Advanced Materials and Chemicals, and Brand.