hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to buck the selloff in the more comprehensive stock exchange, after the commercial print and advanced materials company stated it took a minority stake in a manufacturer of elements for batteries used for electric automobiles. Financial terms were not disclosed, however Kodak stated it took the stake in Wildcat Exploration Technologies, which is creating an EV “very cell” that can supply more than 90% renovation in energy density over existing batteries. Kodak claimed the financial investment it made includes the objective of having Wildcat’s “super cell” all set for commercialization in 2 years. “This financial investment in Wildcat mirrors Kodak’s commitment to building brand-new businesses by leveraging our existing abilities and also framework,” claimed Kodak Chief Executive Jim Continenza. “Coating substratums is a crucial aspect of making batteries as well as no person is better at finishing 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% very early Wednesday, has actually gone down 20.7% this year.
Eastman Kodak Co. stock increases Friday, still underperforms market
The eastman kodak stock price , +1.64% increased 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% increasing 1.79% to 11,452.42 and also the Dow Jones Industrial Average DJIA, +2.15% increasing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 short of its 52-week high ($ 7.92), which the company attained on August 3rd.
The stock outshined a few 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 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 typical volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Average of $4.83.
Eastman Kodak (NYSE: KODK– Get Ranking)’s stock price went across listed 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 analysts have lately provided records on KODK shares. StockNews.com started coverage on Eastman Kodak in a research study record on Thursday, March 31st. They established a “sell” ranking on the stock. TheStreet reduced shares of Eastman Kodak from a “c-” score to a “d” ranking in a research study note on Friday, May 27th.
The business has a fifty day moving average cost of $4.83 and also a two-hundred day moving ordinary cost of $4.97. The company has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The firm has a debt-to-equity ratio of 0.33, an existing ratio of 2.37 as well as a quick proportion of 1.63.
Eastman Kodak (NYSE: KODK– Get Rating) last uploaded its quarterly revenues outcomes on Tuesday, May 10th. The innovation firm reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% as well as an internet margin of 1.28%. The firm had profits of $290.00 million throughout the quarter.
A number of institutional investors have actually lately bought and sold shares of the firm. Amalgamated Bank obtained a brand-new stake in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Services Team Inc. increased its stake in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Services Team Inc. now possesses 8,000 shares of the modern technology business’s stock worth $52,000 after acquiring an additional 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd obtained a brand-new risk in shares of Eastman Kodak throughout the fourth quarter valued at about $57,000. Republic Equity Providers LLC bought a brand-new stake in shares of Eastman Kodak in the 1st quarter valued at about $69,000. Lastly, Sign Pointe Advisors LLC obtained a new placement in Eastman Kodak in the initial quarter worth about $83,000. Institutional capitalists as well as hedge funds very own 44.78% of the firm’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Company offers equipment, software, consumables, and solutions to customers in the business print, product packaging, publishing, manufacturing, as well as amusement markets worldwide. The firm operates via Conventional Printing, Digital Printing, Advanced Products and Chemicals, as well as Brand name.