hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to throw the selloff in the broader securities market, after the business print as well as advanced products firm said it took a minority stake in a manufacturer of parts for batteries utilized for electrical lorries. Financial terms were not divulged, but Kodak stated it took the stake in Wildcat Exploration Technologies, which is establishing an EV "incredibly cell" that can supply greater than 90% renovation in power thickness over present batteries. Kodak stated the financial investment it made comes with the objective of having Wildcat's "very cell" prepared for commercialization in two years. "This financial investment in Wildcat mirrors Kodak's commitment to constructing new companies by leveraging our existing abilities and also infrastructure," stated Kodak President Jim Continenza. "Covering substratums is a critical element of producing batteries and also nobody is much better at finishing than Kodak." Kodak's stock has actually gotten 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% early Wednesday, has dropped 20.7% this year.
Eastman Kodak Co. stock rises Friday, still underperforms market
The kodak stock buy or sell , +1.64% rose 1.64% to$ 4.96 Friday, on what proved to be a well-rounded desirable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.79% rising 1.79% to 11,452.42 and the Dow Jones Industrial Standard DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 except its 52-week high ($ 7.92), which the firm attained on August 3rd.
The stock surpassed a few 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, as well as FUJIFILM Holdings Corp. ADR FUJIY, +0.99% increased 0.99% to $53.16. Trading quantity (739,475) remained 403,162 listed below its 50-day ordinary volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Moving Standard of $4.83.
Eastman Kodak (NYSE: KODK-- Get Score)'s stock rate went across below its 50 day relocating average during trading on Monday. The stock has a 50 day moving standard of $4.83 as well as 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 number of equities research study analysts have recently provided reports on KODK shares. StockNews.com began coverage on Eastman Kodak in a research study record on Thursday, March 31st. They set a "sell" score on the stock. TheStreet lowered shares of Eastman Kodak from a "c-" score to a "d" ranking in a research note on Friday, May 27th.
Business has a fifty day relocating average rate of $4.83 as well as a two-hundred day moving average rate of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 and a beta of 4.61. The company has a debt-to-equity ratio of 0.33, a present proportion of 2.37 and a fast ratio of 1.63.
Eastman Kodak (NYSE: KODK-- Get Score) last posted its quarterly earnings results on Tuesday, May 10th. The modern technology firm reported ($ 0.08) revenues 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 earnings of $290.00 million during the quarter.
Numerous institutional investors have just recently dealt shares of the business. Amalgamated Financial institution got a brand-new stake in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Provider Team Inc. raised its stake in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Services Team Inc. now owns 8,000 shares of the innovation firm's stock worth $52,000 after buying an extra 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd got a brand-new risk in shares of Eastman Kodak throughout the 4th quarter valued at about $57,000. Commonwealth Equity Solutions LLC got a brand-new stake in shares of Eastman Kodak in the 1st quarter valued at around $69,000. Ultimately, Sign Pointe Advisors LLC acquired a new position in Eastman Kodak in the first quarter worth approximately $83,000. Institutional capitalists as well as hedge funds own 44.78% of the business's stock.
Concerning Eastman Kodak (NYSE: KODK).
Eastman Kodak Firm gives equipment, software program, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and home entertainment markets worldwide. The company runs with Typical Printing, Digital Printing, Advanced Products as well as Chemicals, as well as Brand.