Kodak stock gains 1% in down market after taking risk EV battery \\\\\\\’incredibly cell\\\\\\\’ maker

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 business print as well as advanced materials company said it took a minority risk in a manufacturer of elements for batteries made use of for electric automobiles. Financial terms were not disclosed, yet Kodak said it took the stake in Wildcat Discovery Technologies, which is establishing an EV “extremely cell” that can provide greater than 90% enhancement in energy density over present batteries. Kodak said the financial investment it made includes the objective of having Wildcat’s “super cell” all set for commercialization in 2 years. “This financial investment in Wildcat mirrors Kodak’s dedication to developing brand-new services by leveraging our existing skills and facilities,” claimed Kodak President Jim Continenza. “Finish substratums is a crucial facet of manufacturing batteries and also no person is much better at finishing than Kodak.” Kodak’s stock has gotten 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% early Wednesday, has actually gone down 20.7% this year.

Eastman Kodak Co. stock climbs Friday, still underperforms market

The eastman kodak stock price today , +1.64% increased 1.64% to$ 4.96 Friday, on what proved 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 as well as the Dow Jones Industrial Standard DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 short of its 52-week high ($ 7.92), which the business achieved on August 3rd.

The stock exceeded a few of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% climbed 0.94% to$ 22.62, HP Inc. HPQ, +1.54% rose 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% increased 0.99% to $53.16. Trading volume (739,475) remained 403,162 below its 50-day ordinary volume of 1.1 M.

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

Eastman Kodak (NYSE: KODK– Obtain Rating)’s stock cost went across listed below its 50 day relocating average throughout trading on Monday. The stock has a 50 day moving standard of $4.83 as well as traded as reduced as $4.70. Eastman Kodak shares last traded at $4.78, with a volume of 1,025,146 shares altering hands.

A number of equities research analysts have just recently provided reports on KODK shares. StockNews.com started coverage on Eastman Kodak in a research study record on Thursday, March 31st. They set a “sell” ranking on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” rating to a “d” score in a research note on Friday, May 27th.

Business has a fifty day relocating ordinary rate of $4.83 as well as a two-hundred day relocating typical price of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The business 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– Get Rating) last posted its quarterly incomes results on Tuesday, May 10th. The modern technology company reported ($ 0.08) incomes per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% as well as an internet margin of 1.28%. The company had profits of $290.00 million during the quarter.
A number of institutional capitalists have actually just recently bought and sold shares of the company. Amalgamated Bank got a brand-new stake in Eastman Kodak during the initial quarter valued at $47,000. PNC Financial Provider Group Inc. elevated its stake in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Provider Group Inc. now has 8,000 shares of the technology business’s stock worth $52,000 after buying an additional 6,600 shares in the last quarter. Qube Study & Technologies Ltd acquired a new risk in shares of Eastman Kodak throughout the 4th quarter valued at about $57,000. Commonwealth Equity Solutions LLC acquired a new stake in shares of Eastman Kodak in the first quarter valued at about $69,000. Finally, Sign Pointe Advisors LLC obtained a new placement in Eastman Kodak in the very first quarter worth roughly $83,000. Institutional financiers and also hedge funds very own 44.78% of the firm’s stock.

Regarding Eastman Kodak (NYSE: KODK).

Eastman Kodak Business supplies equipment, software, consumables, as well as solutions to consumers in the industrial print, product packaging, publishing, production, and home entertainment markets worldwide. The business operates via Traditional Printing, Digital Printing, Advanced Products and Chemicals, and also Brand name.