hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to buck the selloff in the more comprehensive securities market, after the commercial print and sophisticated materials company said it took a minority risk in a manufacturer of elements for batteries utilized for electrical vehicles. Financial terms were not revealed, but Kodak stated it took the risk in Wildcat Exploration Technologies, which is creating an EV “super cell” that can give more than 90% enhancement in energy density over present batteries. Kodak claimed the financial investment it made features the goal of having Wildcat’s “extremely cell” prepared for commercialization in two years. “This financial investment in Wildcat reflects Kodak’s dedication to constructing brand-new businesses by leveraging our existing abilities and also framework,” claimed Kodak President Jim Continenza. “Layer substratums is a vital facet of making batteries and also no one is much better at layer than Kodak.” Kodak’s stock has gotten 7.3% year to date. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has gone down 20.7% this year.
Eastman Kodak Co. stock rises Friday, still underperforms market
The eastman kodak stock price today , +1.64% climbed 1.64% to$ 4.96 Friday, on what proved to be a well-rounded desirable trading session for the stock market, with the NASDAQ Composite Index Compensation, +1.79% rising 1.79% to 11,452.42 and the Dow Jones Industrial Average DJIA, +2.15% climbing 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 outperformed several of its competitors Friday, as Canon Inc. ADR CAJ, +0.94% climbed 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% rose 0.99% to $53.16. Trading quantity (739,475) stayed 403,162 below its 50-day ordinary quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Moving Average of $4.83.
Eastman Kodak (NYSE: KODK– Get Rating)’s stock cost went across below its 50 day moving average during trading on Monday. The stock has a 50 day relocating average of $4.83 and traded as reduced as $4.70. Eastman Kodak shares last traded at $4.78, with a volume of 1,025,146 shares altering hands.
A number of equities research analysts have just recently issued records on KODK shares. StockNews.com began coverage on Eastman Kodak in a research study record on Thursday, March 31st. They established a “sell” ranking on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” rating 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 relocating ordinary cost of $4.97. The company has a market cap of $377.24 million, a PE proportion of 239.00 and a beta of 4.61. The business has a debt-to-equity proportion of 0.33, a present ratio of 2.37 and a fast proportion of 1.63.
Eastman Kodak (NYSE: KODK– Get Score) last posted its quarterly earnings results on Tuesday, May 10th. The innovation company reported ($ 0.08) profits per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% as well as a net margin of 1.28%. The company had income of $290.00 million throughout the quarter.
Several institutional capitalists have actually recently bought and sold shares of the business. Amalgamated Financial institution acquired a brand-new risk 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% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,000 shares of the innovation company’s stock worth $52,000 after buying an added 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd got a new risk in shares of Eastman Kodak during the fourth quarter valued at regarding $57,000. Republic Equity Solutions LLC bought a new stake in shares of Eastman Kodak in the 1st quarter valued at approximately $69,000. Ultimately, Sign Pointe Advisors LLC acquired a new placement in Eastman Kodak in the very first quarter worth approximately $83,000. Institutional financiers as well as hedge funds own 44.78% of the firm’s stock.
Regarding Eastman Kodak (NYSE: KODK).
Eastman Kodak Firm provides hardware, software, consumables, and solutions to customers in the commercial print, packaging, posting, manufacturing, as well as home entertainment markets worldwide. The company operates through Conventional Printing, Digital Printing, Advanced Products and Chemicals, and Brand.