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

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to throw the selloff in the broader stock market, after the commercial print and sophisticated products firm claimed it took a minority risk in a manufacturer of parts for batteries made use of for electrical lorries. Financial terms were not revealed, but Kodak claimed it took the risk in Wildcat Discovery Technologies, which is establishing an EV "incredibly cell" that can supply above 90% enhancement in power thickness over existing batteries. Kodak said the financial investment it made features the objective of having Wildcat's "super cell" all set for commercialization in two years. "This investment in Wildcat reflects Kodak's dedication to building brand-new organizations by leveraging our existing abilities and also infrastructure," said Kodak Chief Executive Jim Continenza. "Coating substrates is a critical facet of making batteries as well as nobody is better at finishing 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 gone down 20.7% this year.

Eastman Kodak Co. stock increases Friday, still underperforms market

The eastman kodak stock , +1.64% rose 1.64% to$ 4.96 Friday, on what verified to be a well-rounded desirable trading session for the stock market, with the NASDAQ Composite Index Compensation, +1.79% climbing 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. shut $2.96 except its 52-week high ($ 7.92), which the business achieved 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% climbed 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% increased 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 Listed Below 50-Day Relocating Average of $4.83.

Eastman Kodak (NYSE: KODK-- Get Score)'s stock price went across below its 50 day relocating average throughout trading on Monday. The stock has a 50 day moving average 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 altering hands.

A variety of equities study analysts have actually lately issued records on KODK shares. StockNews.com started protection on Eastman Kodak in a research report on Thursday, March 31st. They set a "sell" score on the stock. TheStreet reduced shares of Eastman Kodak from a "c-" rating to a "d" score in a research note on Friday, May 27th.

The business has a fifty day moving average cost of $4.83 and a two-hundred day relocating typical price 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 firm has a debt-to-equity ratio of 0.33, a present proportion of 2.37 and a quick ratio of 1.63.

Eastman Kodak (NYSE: KODK-- Obtain Ranking) last uploaded its quarterly profits results on Tuesday, May 10th. The technology firm reported ($ 0.08) incomes per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also a web margin of 1.28%. The business had earnings of $290.00 million throughout the quarter.
A number of institutional investors have actually lately bought and sold shares of the business. Amalgamated Financial institution obtained a new risk in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Services Group Inc. raised its stake in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Services Team Inc. now has 8,000 shares of the innovation firm's stock worth $52,000 after purchasing an added 6,600 shares in the last quarter. Qube Research & Technologies Ltd acquired a new risk in shares of Eastman Kodak throughout the fourth quarter valued at concerning $57,000. Republic Equity Solutions LLC purchased a new risk in shares of Eastman Kodak in the first quarter valued at around $69,000. Lastly, Sign Pointe Advisors LLC acquired a new setting in Eastman Kodak in the first quarter worth around $83,000. Institutional capitalists and also hedge funds own 44.78% of the firm's stock.

About Eastman Kodak (NYSE: KODK).

Eastman Kodak Company provides equipment, software program, consumables, and also solutions to clients in the business print, packaging, posting, manufacturing, as well as entertainment markets worldwide. The company runs with Typical Printing, Digital Printing, Advanced Materials and Chemicals, as well as Brand.

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