hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to buck the selloff in the broader stock exchange, after the business print and innovative products business claimed it took a minority stake in a maker of elements for batteries utilized for electric vehicles. Financial terms were not revealed, however Kodak stated it took the stake in Wildcat Discovery Technologies, which is developing an EV “very cell” that can offer more than 90% renovation in energy thickness over present batteries. Kodak said the financial investment it made includes the objective of having Wildcat’s “incredibly cell” all set for commercialization in 2 years. “This investment in Wildcat shows Kodak’s commitment to constructing brand-new services by leveraging our existing abilities and also framework,” said Kodak President Jim Continenza. “Coating substratums is a vital aspect of producing batteries and also no one is better at finishing than Kodak.” Kodak’s stock has obtained 7.3% year to date. 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 eastman kodak stock price , +1.64% climbed 1.64% to$ 4.96 Friday, on what confirmed to be an all-around beneficial trading session for the securities market, with the NASDAQ Composite Index Compensation, +1.79% increasing 1.79% to 11,452.42 and also the Dow Jones Industrial Standard DJIA, +2.15% climbing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 short of its 52-week high ($ 7.92), which the firm achieved on August 3rd.
The stock outperformed a few of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% increased 0.94% to$ 22.62, HP Inc. HPQ, +1.54% increased 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% rose 0.99% to $53.16. Trading volume (739,475) stayed 403,162 below its 50-day ordinary 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 went across below its 50 day relocating average throughout 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 altering hands.
A variety of equities study analysts have actually lately issued records on KODK shares. StockNews.com began insurance coverage on Eastman Kodak in a study report on Thursday, March 31st. They set a “sell” ranking on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” ranking to a “d” score in a research study note on Friday, May 27th.
Business has a fifty day moving typical price of $4.83 and a two-hundred day moving ordinary cost of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 and also a beta of 4.61. The business has a debt-to-equity ratio of 0.33, a present proportion of 2.37 and a quick proportion of 1.63.
Eastman Kodak (NYSE: KODK– Get Rating) last published its quarterly earnings results on Tuesday, May 10th. The innovation company reported ($ 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 business had earnings of $290.00 million throughout the quarter.
Several institutional financiers have lately bought and sold shares of the company. Amalgamated Financial institution acquired a new risk in Eastman Kodak during the initial quarter valued at $47,000. PNC Financial Solutions Group Inc. elevated its stake in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Services Group Inc. currently has 8,000 shares of the technology business’s stock worth $52,000 after purchasing an added 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd obtained a new stake in shares of Eastman Kodak throughout the 4th quarter valued at about $57,000. Republic Equity Providers LLC bought a brand-new risk in shares of Eastman Kodak in the 1st quarter valued at around $69,000. Ultimately, Beacon Pointe Advisors LLC got a new position in Eastman Kodak in the initial quarter worth roughly $83,000. Institutional financiers and hedge funds very own 44.78% of the company’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Business gives equipment, software application, consumables, and solutions to consumers in the business print, product packaging, posting, manufacturing, and also enjoyment markets worldwide. The firm runs via Typical Printing, Digital Printing, Advanced Materials as well as Chemicals, as well as Brand name.