hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the broader stock market, after the business print as well as advanced materials firm said it took a minority stake in a maker of parts for batteries made use of for electrical vehicles. Financial terms were not revealed, however Kodak stated it took the stake in Wildcat Exploration Technologies, which is creating an EV “extremely cell” that can supply greater than 90% improvement in energy density over present batteries. Kodak said the investment it made comes with the goal of having Wildcat’s “extremely cell” all set for commercialization in 2 years. “This investment in Wildcat mirrors Kodak’s dedication to constructing brand-new businesses by leveraging our existing skills and infrastructure,” claimed Kodak President Jim Continenza. “Covering substrates is an important aspect of manufacturing batteries and also no person is much better at coating than Kodak.” Kodak’s stock has acquired 7.3% year to day. 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 kodak stock forecast 2021 , +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 also the Dow Jones Industrial Standard 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 accomplished on August 3rd.
The stock exceeded some of its competitors Friday, as Canon Inc. ADR CAJ, +0.94% increased 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% increased 0.99% to $53.16. Trading quantity (739,475) stayed 403,162 below its 50-day typical quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Moving Standard of $4.83.
Eastman Kodak (NYSE: KODK– Get Rating)’s stock price went across below its 50 day moving average throughout trading on Monday. The stock has a 50 day relocating 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 number of equities research analysts have lately released records on KODK shares. StockNews.com began insurance coverage on Eastman Kodak in a research study record on Thursday, March 31st. They established a “sell” rating on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” ranking to a “d” rating in a research note on Friday, May 27th.
Business has a fifty day relocating ordinary cost of $4.83 as well as a two-hundred day moving typical rate of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 and also a beta of 4.61. The firm has a debt-to-equity ratio of 0.33, a current ratio of 2.37 and a fast proportion of 1.63.
Eastman Kodak (NYSE: KODK– Get Ranking) last published its quarterly profits results on Tuesday, May 10th. The innovation business reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and a web margin of 1.28%. The firm had income of $290.00 million throughout the quarter.
A number of institutional capitalists have lately bought and sold shares of the company. Amalgamated Bank got a brand-new stake in Eastman Kodak throughout the initial quarter valued at $47,000. PNC Financial Services Group Inc. elevated its risk in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Services Team Inc. currently possesses 8,000 shares of the innovation business’s stock worth $52,000 after purchasing an extra 6,600 shares in the last quarter. Qube Study & Technologies Ltd acquired a brand-new stake in shares of Eastman Kodak throughout the 4th quarter valued at about $57,000. Commonwealth Equity Services LLC bought a new risk in shares of Eastman Kodak in the 1st quarter valued at approximately $69,000. Lastly, Sign Pointe Advisors LLC acquired a brand-new placement in Eastman Kodak in the first quarter worth roughly $83,000. Institutional financiers and also hedge funds own 44.78% of the firm’s stock.
About Eastman Kodak (NYSE: KODK).
Eastman Kodak Business supplies hardware, software application, consumables, and also services to consumers in the business print, product packaging, publishing, manufacturing, as well as home entertainment markets worldwide. The firm operates through Traditional Printing, Digital Printing, Advanced Products as well as Chemicals, and also Brand.