hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in early morning trading Wednesday, to buck the selloff in the wider stock market, after the commercial print and innovative products company stated it took a minority risk in a manufacturer of components for batteries made use of for electric vehicles. Financial terms were not revealed, yet Kodak said it took the stake in Wildcat Discovery Technologies, which is establishing an EV “incredibly cell” that can supply above 90% renovation in power density over existing batteries. Kodak said the investment it made features the goal of having Wildcat’s “incredibly cell” all set for commercialization in 2 years. “This investment in Wildcat shows Kodak’s dedication to developing brand-new services by leveraging our existing abilities and facilities,” stated Kodak President Jim Continenza. “Finishing substrates is an essential aspect of making batteries as well as no person is much better at layer 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 dropped 20.7% this year.

Eastman Kodak Co. stock rises Friday, still underperforms market

The eastman kodak stock price today , +1.64% climbed 1.64% to$ 4.96 Friday, on what verified to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index Compensation, +1.79% rising 1.79% to 11,452.42 and the Dow Jones Industrial Average DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 short of its 52-week high ($ 7.92), which the firm attained on August 3rd.

The stock outmatched several 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 also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading volume (739,475) stayed 403,162 listed below its 50-day ordinary volume of 1.1 M.

Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Average of $4.83.

Eastman Kodak (NYSE: KODK– Get Score)’s stock rate went across below its 50 day moving standard throughout trading on Monday. The stock has a 50 day relocating standard of $4.83 and traded as reduced 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 actually just recently released reports on KODK shares. StockNews.com began insurance coverage on Eastman Kodak in a research study report on Thursday, March 31st. They set a “sell” ranking on the stock. TheStreet reduced shares of Eastman Kodak from a “c-” rating to a “d” rating in a study note on Friday, May 27th.

The business has a fifty day moving typical cost of $4.83 and a two-hundred day relocating average rate of $4.97. The company has a market cap of $377.24 million, a PE ratio of 239.00 and also a beta of 4.61. The company has a debt-to-equity proportion of 0.33, a present ratio of 2.37 and also a fast ratio of 1.63.

Eastman Kodak (NYSE: KODK– Obtain Rating) last uploaded its quarterly earnings outcomes 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% and a net margin of 1.28%. The business had income of $290.00 million throughout the quarter.
Several institutional capitalists have lately bought and sold shares of the business. Amalgamated Financial institution obtained a new risk in Eastman Kodak during the first quarter valued at $47,000. PNC Financial Services Group Inc. raised its risk in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Services Group Inc. now owns 8,000 shares of the modern technology business’s stock worth $52,000 after buying an added 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd got a new stake in shares of Eastman Kodak during the fourth quarter valued at about $57,000. Republic Equity Services LLC acquired a brand-new risk in shares of Eastman Kodak in the 1st quarter valued at roughly $69,000. Ultimately, Beacon Pointe Advisors LLC got a brand-new position in Eastman Kodak in the initial quarter worth roughly $83,000. Institutional financiers as well as hedge funds own 44.78% of the company’s stock.

Concerning Eastman Kodak (NYSE: KODK).

Eastman Kodak Business gives equipment, software, consumables, and services to clients in the commercial print, packaging, posting, manufacturing, as well as amusement markets worldwide. The company operates with Conventional Printing, Digital Printing, Advanced Products and also Chemicals, and Brand name.