hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in morning trading Wednesday, to throw the selloff in the wider stock exchange, after the commercial print and innovative materials firm claimed it took a minority risk in a maker of parts for batteries made use of for electric automobiles. Financial terms were not revealed, but Kodak said it took the risk in Wildcat Exploration Technologies, which is establishing an EV “extremely cell” that can give higher than 90% renovation in power thickness over existing batteries. Kodak stated the investment it made comes with the objective of having Wildcat’s “super cell” ready for commercialization in two years. “This investment in Wildcat reflects Kodak’s commitment to building new services by leveraging our existing skills and facilities,” claimed Kodak President Jim Continenza. “Finish substrates is a vital element of making batteries as well as nobody is much better at layer than Kodak.” Kodak’s stock has gotten 7.3% year to date. The S&P 500 SPX, +1.92%, which was down 1.0% early Wednesday, has actually dropped 20.7% this year.
Eastman Kodak Co. stock increases Friday, still underperforms market
The eastman kodak stock , +1.64% increased 1.64% to$ 4.96 Friday, on what proved to be an all-around favorable trading session for the stock exchange, with the NASDAQ Composite Index COMP, +1.79% rising 1.79% to 11,452.42 and the Dow Jones Industrial Standard 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 company attained on August 3rd.
The stock outshined several of its competitors 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 FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading quantity (739,475) stayed 403,162 below its 50-day average quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Standard of $4.83.
Eastman Kodak (NYSE: KODK– Get Ranking)’s stock price crossed listed below its 50 day relocating standard during trading on Monday. The stock has a 50 day moving standard of $4.83 and also 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 variety of equities research analysts have just recently released reports on KODK shares. StockNews.com started protection on Eastman Kodak in a study record on Thursday, March 31st. They set a “sell” score on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” rating to a “d” ranking in a research note on Friday, May 27th.
Business has a fifty day moving typical rate of $4.83 and also a two-hundred day moving average rate of $4.97. The company has a market cap of $377.24 million, a PE ratio of 239.00 as well as a beta of 4.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.37 and a fast proportion of 1.63.
Eastman Kodak (NYSE: KODK– Get Ranking) last published its quarterly profits results on Tuesday, May 10th. The modern technology firm reported ($ 0.08) incomes per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% as well as a net margin of 1.28%. The company had profits of $290.00 million throughout the quarter.
Several institutional capitalists have lately bought and sold shares of the company. Amalgamated Financial institution obtained a new stake in Eastman Kodak during the first quarter valued at $47,000. PNC Financial Provider Team Inc. raised its risk in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Services Group Inc. currently possesses 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 & Technologies Ltd obtained a new risk in shares of Eastman Kodak throughout the fourth quarter valued at concerning $57,000. Commonwealth Equity Solutions LLC got a new risk in shares of Eastman Kodak in the 1st quarter valued at approximately $69,000. Finally, Beacon Pointe Advisors LLC obtained a brand-new position in Eastman Kodak in the first quarter worth about $83,000. Institutional investors and hedge funds own 44.78% of the business’s stock.
Concerning Eastman Kodak (NYSE: KODK).
Eastman Kodak Business supplies hardware, software, consumables, and also services to consumers in the business print, packaging, publishing, manufacturing, and also enjoyment markets worldwide. The firm operates through Standard Printing, Digital Printing, Advanced Materials and also Chemicals, as well as Brand name.