hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to throw the selloff in the broader stock exchange, after the commercial print and advanced materials company stated it took a minority stake in a manufacturer of components for batteries utilized for electric vehicles. Financial terms were not divulged, but Kodak claimed it took the risk in Wildcat Exploration Technologies, which is developing an EV “super cell” that can offer greater than 90% improvement in energy thickness over present batteries. Kodak said the investment it made features the objective of having Wildcat’s “super cell” all set for commercialization in two years. “This investment in Wildcat reflects Kodak’s commitment to constructing new organizations by leveraging our existing abilities and also infrastructure,” claimed Kodak Chief Executive Jim Continenza. “Coating substrates is an important element of producing batteries and also nobody is better at covering than Kodak.” Kodak’s stock has actually gotten 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 forecast , +1.64% climbed 1.64% to$ 4.96 Friday, on what verified to be a well-rounded beneficial trading session for the stock exchange, with the NASDAQ Composite Index COMP, +1.79% climbing 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. closed $2.96 except its 52-week high ($ 7.92), which the firm accomplished on August 3rd.
The stock outshined a few 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, as well as FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading quantity (739,475) continued to be 403,162 below its 50-day average volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Relocating Average of $4.83.
Eastman Kodak (NYSE: KODK– Get Rating)’s stock cost crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.83 and also traded as low 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 research analysts have actually recently provided reports on KODK shares. StockNews.com began insurance coverage on Eastman Kodak in a study record on Thursday, March 31st. They established a “sell” rating 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.
The business has a fifty day moving ordinary rate of $4.83 and a two-hundred day moving ordinary rate of $4.97. The company has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The business has a debt-to-equity ratio of 0.33, a current ratio of 2.37 and a quick proportion of 1.63.
Eastman Kodak (NYSE: KODK– Get Rating) last uploaded its quarterly profits outcomes on Tuesday, May 10th. The innovation business reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and an internet margin of 1.28%. The firm had income of $290.00 million during the quarter.
Several institutional investors have just recently bought and sold shares of the business. Amalgamated Bank obtained a brand-new stake in Eastman Kodak during the first quarter valued at $47,000. PNC Financial Provider Group Inc. raised its risk in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Solutions Team Inc. currently owns 8,000 shares of the innovation business’s stock worth $52,000 after acquiring an extra 6,600 shares in the last quarter. Qube Study & Technologies Ltd got a new risk in shares of Eastman Kodak throughout 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 around $69,000. Finally, Sign Pointe Advisors LLC got a brand-new placement in Eastman Kodak in the initial quarter worth about $83,000. Institutional investors as well as hedge funds very own 44.78% of the firm’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Business supplies equipment, software program, consumables, and services to customers in the industrial print, product packaging, posting, manufacturing, and enjoyment markets worldwide. The firm runs through Standard Printing, Digital Printing, Advanced Products and also Chemicals, as well as Brand.