hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in early morning trading Wednesday, to buck the selloff in the broader securities market, after the business print as well as innovative materials business claimed it took a minority stake in a maker of elements for batteries made use of for electrical lorries. Financial terms were not disclosed, yet Kodak claimed it took the risk in Wildcat Discovery Technologies, which is creating an EV “extremely cell” that can give higher than 90% renovation in energy thickness over present batteries. Kodak claimed the financial investment it made features the goal of having Wildcat’s “super cell” ready for commercialization in 2 years. “This financial investment in Wildcat shows Kodak’s commitment to constructing brand-new services by leveraging our existing abilities and also framework,” claimed Kodak President Jim Continenza. “Finish substratums is a crucial element of manufacturing batteries and no person is better at covering than Kodak.” Kodak’s stock has actually acquired 7.3% year to day. 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 climbs Friday, still underperforms market
The kodak stock price today , +1.64% rose 1.64% to$ 4.96 Friday, on what confirmed to be an all-around beneficial trading session for the stock market, with the NASDAQ Composite Index COMP, +1.79% increasing 1.79% to 11,452.42 and the Dow Jones Industrial Average DJIA, +2.15% increasing 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 short of its 52-week high ($ 7.92), which the company achieved 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, as well as 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 average quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Average of $4.83.
Eastman Kodak (NYSE: KODK– Obtain Score)’s stock price crossed listed below its 50 day moving average throughout 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 volume of 1,025,146 shares transforming hands.
A variety of equities research study analysts have just recently issued records on KODK shares. StockNews.com started protection on Eastman Kodak in a research study report on Thursday, March 31st. They set a “sell” score on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” rating to a “d” score in a research study note on Friday, May 27th.
Business has a fifty day moving ordinary rate of $4.83 as well as a two-hundred day moving ordinary cost of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 as well as a beta of 4.61. The firm has a debt-to-equity ratio of 0.33, a present proportion of 2.37 as well as a fast ratio of 1.63.
Eastman Kodak (NYSE: KODK– Get Score) last published its quarterly revenues outcomes on Tuesday, May 10th. The modern technology company reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and a net margin of 1.28%. The business had revenue of $290.00 million throughout the quarter.
A number of institutional financiers have actually recently bought and sold shares of the business. Amalgamated Financial institution obtained a brand-new stake in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Provider Group Inc. elevated its risk in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Solutions Team Inc. currently owns 8,000 shares of the innovation company’s stock worth $52,000 after purchasing an additional 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd got a brand-new risk in shares of Eastman Kodak during the fourth quarter valued at concerning $57,000. Commonwealth Equity Providers LLC bought a brand-new risk in shares of Eastman Kodak in the 1st quarter valued at around $69,000. Finally, Beacon Pointe Advisors LLC acquired a new setting in Eastman Kodak in the first quarter worth approximately $83,000. Institutional investors as well as hedge funds own 44.78% of the company’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Company gives equipment, software, consumables, and also solutions to consumers in the commercial print, product packaging, posting, production, as well as home entertainment markets worldwide. The firm operates via Traditional Printing, Digital Printing, Advanced Materials and Chemicals, as well as Brand.
