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

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to throw the selloff in the more comprehensive stock market, after the business print and advanced materials business said it took a minority stake in a manufacturer of elements for batteries used for electric automobiles. Financial terms were not disclosed, however Kodak stated it took the stake in Wildcat Exploration Technologies, which is developing an EV “super cell” that can offer higher than 90% renovation in energy thickness over present batteries. Kodak claimed the investment it made comes with the goal of having Wildcat’s “extremely cell” ready for commercialization in two years. “This investment in Wildcat mirrors Kodak’s commitment to constructing brand-new companies by leveraging our existing skills as well as framework,” said Kodak Chief Executive Jim Continenza. “Finishing substrates is an important element of making batteries and no person is much better at covering than Kodak.” Kodak’s stock has gotten 7.3% year to date. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has actually 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 showed to be a well-rounded positive trading session for the stock exchange, 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. shut $2.96 short of its 52-week high ($ 7.92), which the business achieved on August 3rd.

The stock exceeded several 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, and also 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 average volume of 1.1 M.

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

Eastman Kodak (NYSE: KODK– Get Rating)’s stock cost went across below its 50 day moving average throughout trading on Monday. The stock has a 50 day relocating standard of $4.83 as well as 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 study experts have lately provided records on KODK shares. StockNews.com began protection on Eastman Kodak in a study report on Thursday, March 31st. They established a “sell” ranking on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” rating to a “d” rating in a research note on Friday, May 27th.

The business has a fifty day relocating typical cost of $4.83 and a two-hundred day moving ordinary cost 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 business has a debt-to-equity proportion of 0.33, a current proportion of 2.37 as well as a fast ratio of 1.63.

Eastman Kodak (NYSE: KODK– Obtain Rating) last published its quarterly profits outcomes on Tuesday, May 10th. The technology firm reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and an internet margin of 1.28%. The company had profits of $290.00 million during the quarter.
Numerous institutional capitalists have just recently dealt shares of the business. Amalgamated Bank obtained a brand-new stake in Eastman Kodak throughout the initial quarter valued at $47,000. PNC Financial Services Team Inc. increased its stake in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Provider Team Inc. now possesses 8,000 shares of the modern technology firm’s stock worth $52,000 after acquiring an additional 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd got a new risk in shares of Eastman Kodak throughout the fourth quarter valued at regarding $57,000. Republic Equity Solutions LLC got a brand-new risk in shares of Eastman Kodak in the 1st quarter valued at approximately $69,000. Ultimately, Beacon Pointe Advisors LLC acquired a brand-new position in Eastman Kodak in the first quarter worth around $83,000. Institutional investors and hedge funds own 44.78% of the firm’s stock.

About Eastman Kodak (NYSE: KODK).

Eastman Kodak Company offers hardware, software application, consumables, and also services to consumers in the business print, packaging, publishing, production, and enjoyment markets worldwide. The company operates via Standard Printing, Digital Printing, Advanced Products as well as Chemicals, and Brand name.

Related Post