hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in morning trading Wednesday, to buck the selloff in the wider stock exchange, after the industrial print and sophisticated products company stated it took a minority risk in a maker of parts for batteries used for electric automobiles. Financial terms were not divulged, but Kodak stated it took the risk in Wildcat Discovery Technologies, which is establishing an EV “super cell” that can give greater than 90% renovation in power thickness over existing batteries. Kodak claimed 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 reflects Kodak’s commitment to building new services by leveraging our existing skills and also facilities,” said Kodak President Jim Continenza. “Layer substratums is a vital aspect of producing batteries and no person is much better at layer 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 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 showed to be a well-rounded 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 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 attained 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% rose 1.54% to $31.66, and also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading volume (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– Obtain Rating)’s stock cost crossed listed below its 50 day moving average throughout trading on Monday. The stock has a 50 day relocating standard of $4.83 and traded as low as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares changing hands.
A number of equities study analysts have lately released reports on KODK shares. StockNews.com started insurance coverage on Eastman Kodak in a research study report on Thursday, March 31st. They established a “sell” rating on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” score to a “d” rating in a research study note on Friday, May 27th.
Business has a fifty day relocating typical cost of $4.83 and also a two-hundred day moving average price of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 and a beta of 4.61. The company has a debt-to-equity ratio of 0.33, a current proportion of 2.37 and also a fast proportion of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Rating) last uploaded its quarterly incomes results on Tuesday, May 10th. The innovation business reported ($ 0.08) profits 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 firm had earnings of $290.00 million during the quarter.
Several institutional capitalists have actually just recently dealt shares of the company. Amalgamated Financial institution obtained a brand-new risk in Eastman Kodak during the first quarter valued at $47,000. PNC Financial Solutions Team Inc. raised its risk in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Services Team Inc. currently possesses 8,000 shares of the innovation firm’s stock worth $52,000 after purchasing an extra 6,600 shares in the last quarter. Qube Study & Technologies Ltd acquired a brand-new risk in shares of Eastman Kodak during the 4th quarter valued at about $57,000. Commonwealth Equity Solutions LLC bought a new risk in shares of Eastman Kodak in the 1st quarter valued at about $69,000. Lastly, Beacon Pointe Advisors LLC acquired a brand-new setting in Eastman Kodak in the initial quarter worth around $83,000. Institutional financiers and hedge funds own 44.78% of the business’s stock.
Concerning Eastman Kodak (NYSE: KODK).
Eastman Kodak Company offers equipment, software application, consumables, as well as services to clients in the commercial print, product packaging, publishing, manufacturing, as well as amusement markets worldwide. The firm runs via Standard Printing, Digital Printing, Advanced Materials as well as Chemicals, and Brand name.