hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in early morning trading Wednesday, to buck the selloff in the wider stock exchange, after the commercial print and sophisticated materials business stated it took a minority risk in a manufacturer of parts for batteries utilized for electric automobiles. Financial terms were not revealed, but Kodak said it took the risk in Wildcat Exploration Technologies, which is establishing an EV “incredibly cell” that can supply more than 90% renovation in energy density over present batteries. Kodak said the investment it made comes with the objective of having Wildcat’s “super cell” prepared for commercialization in 2 years. “This financial investment in Wildcat reflects Kodak’s dedication to developing brand-new services by leveraging our existing abilities as well as framework,” claimed Kodak President Jim Continenza. “Coating substratums is a vital aspect of manufacturing batteries as well as nobody is much better at finish than Kodak.” Kodak’s stock has actually gotten 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 increases Friday, still underperforms market
The kodak stock price today , +1.64% climbed 1.64% to$ 4.96 Friday, on what showed to be a well-rounded positive trading session for the stock exchange, with the NASDAQ Composite Index Compensation, +1.79% rising 1.79% to 11,452.42 as well as the Dow Jones Industrial Average DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 except its 52-week high ($ 7.92), which the business accomplished on August 3rd.
The stock outmatched several of its rivals 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 also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% increased 0.99% to $53.16. Trading quantity (739,475) remained 403,162 listed below its 50-day average quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Relocating Average of $4.83.
Eastman Kodak (NYSE: KODK– Obtain Rating)’s stock price crossed below its 50 day moving standard during trading on Monday. The stock has a 50 day moving standard of $4.83 and 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 variety of equities research analysts have lately released records on KODK shares. StockNews.com began insurance coverage on Eastman Kodak in a study record on Thursday, March 31st. They established a “sell” score on the stock. TheStreet reduced 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 average cost of $4.83 and a two-hundred day moving average price of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 and a beta of 4.61. The company has a debt-to-equity proportion of 0.33, an existing ratio of 2.37 and a quick proportion of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Rating) last posted its quarterly revenues results on Tuesday, May 10th. The modern technology firm reported ($ 0.08) revenues 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 business had earnings of $290.00 million during the quarter.
A number of institutional financiers have actually lately bought and sold shares of the firm. Amalgamated Financial institution acquired a brand-new risk in Eastman Kodak throughout the initial quarter valued at $47,000. PNC Financial Solutions Team Inc. increased its risk in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Provider Team Inc. now owns 8,000 shares of the modern technology business’s stock worth $52,000 after purchasing an additional 6,600 shares in the last quarter. Qube Study & Technologies Ltd acquired a new stake in shares of Eastman Kodak during the 4th quarter valued at about $57,000. Commonwealth Equity Solutions LLC bought 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 setting in Eastman Kodak in the first quarter worth roughly $83,000. Institutional capitalists as well as hedge funds very own 44.78% of the business’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Business offers hardware, software, consumables, and services to customers in the business print, product packaging, publishing, production, as well as amusement markets worldwide. The company runs via Standard Printing, Digital Printing, Advanced Products as well as Chemicals, as well as Brand.
