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

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the broader securities market, after the commercial print and also sophisticated products firm stated it took a minority risk in a manufacturer of components for batteries utilized for electric automobiles. Financial terms were not divulged, but Kodak claimed it took the risk in Wildcat Discovery Technologies, which is establishing an EV “incredibly cell” that can offer greater than 90% enhancement in power thickness over existing batteries. Kodak stated the investment it made comes with the objective of having Wildcat’s “incredibly cell” prepared for commercialization in two years. “This financial investment in Wildcat reflects Kodak’s dedication to developing brand-new companies by leveraging our existing skills as well as framework,” said Kodak Chief Executive Jim Continenza. “Covering substrates is a crucial element of making batteries and no person is better at covering than Kodak.” Kodak’s stock has actually gained 7.3% year to day. 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 climbs Friday, still underperforms market

The eastman kodak stock , +1.64% increased 1.64% to$ 4.96 Friday, on what showed to be an all-around desirable trading session for the stock exchange, with the NASDAQ Composite Index COMP, +1.79% rising 1.79% to 11,452.42 as well as the Dow Jones Industrial Average DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 short of its 52-week high ($ 7.92), which the company attained on August 3rd.

The stock outshined some of its competitors Friday, as Canon Inc. ADR CAJ, +0.94% rose 0.94% to$ 22.62, HP Inc. HPQ, +1.54% rose 1.54% to $31.66, as well as FUJIFILM Holdings Corp. ADR FUJIY, +0.99% rose 0.99% to $53.16. Trading quantity (739,475) continued to be 403,162 listed below its 50-day average volume of 1.1 M.

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

Eastman Kodak (NYSE: KODK– Obtain Ranking)’s stock price crossed below its 50 day relocating average during trading on Monday. The stock has a 50 day relocating average of $4.83 as well as traded as reduced 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 research analysts have actually 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” rating on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” ranking to a “d” score in a research note on Friday, May 27th.

Business has a fifty day relocating typical price of $4.83 and also 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 as well as a beta of 4.61. The company has a debt-to-equity proportion of 0.33, a current ratio of 2.37 as well as a fast ratio of 1.63.

Eastman Kodak (NYSE: KODK– Get Ranking) last published its quarterly earnings results on Tuesday, May 10th. The technology company reported ($ 0.08) earnings 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 business had income of $290.00 million during the quarter.
Several institutional investors have actually just recently dealt shares of the firm. Amalgamated Financial institution acquired a brand-new risk in Eastman Kodak during the initial quarter valued at $47,000. PNC Financial Provider Team Inc. raised its risk in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Provider Team Inc. now owns 8,000 shares of the innovation company’s stock worth $52,000 after buying an additional 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd got a new risk in shares of Eastman Kodak during the fourth quarter valued at regarding $57,000. Republic Equity Solutions LLC bought a new stake in shares of Eastman Kodak in the 1st quarter valued at about $69,000. Lastly, Sign Pointe Advisors LLC got a brand-new position in Eastman Kodak in the very first quarter worth roughly $83,000. Institutional financiers and also hedge funds own 44.78% of the firm’s stock.

Regarding Eastman Kodak (NYSE: KODK).

Eastman Kodak Business gives hardware, software program, consumables, as well as services to clients in the industrial print, product packaging, publishing, manufacturing, and also enjoyment markets worldwide. The business runs with Standard Printing, Digital Printing, Advanced Products and Chemicals, and also Brand.