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

hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in morning trading Wednesday, to throw the selloff in the broader stock exchange, after the commercial print and also advanced products company said it took a minority risk in a manufacturer of components for batteries used for electric cars. Financial terms were not disclosed, yet Kodak said it took the stake in Wildcat Exploration Technologies, which is developing an EV “very cell” that can supply higher than 90% improvement in energy density over current batteries. Kodak claimed the financial investment it made includes the objective of having Wildcat’s “incredibly cell” prepared for commercialization in 2 years. “This investment in Wildcat mirrors Kodak’s dedication to developing new companies by leveraging our existing abilities and framework,” stated Kodak President Jim Continenza. “Finish substrates is a critical element of producing batteries as well as no one is better at coating than Kodak.” Kodak’s stock has actually acquired 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 , +1.64% increased 1.64% to$ 4.96 Friday, on what verified to be an all-around desirable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.79% increasing 1.79% to 11,452.42 and the Dow Jones Industrial Average DJIA, +2.15% climbing 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 except its 52-week high ($ 7.92), which the firm accomplished on August 3rd.

The stock outmatched several of its rivals 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, as well as FUJIFILM Holdings Corp. ADR FUJIY, +0.99% increased 0.99% to $53.16. Trading volume (739,475) stayed 403,162 below its 50-day ordinary quantity of 1.1 M.

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

Eastman Kodak (NYSE: KODK– Get Score)’s stock price went across listed below its 50 day moving average during trading on Monday. The stock has a 50 day moving standard of $4.83 and traded as low as $4.70. Eastman Kodak shares last traded at $4.78, with a volume of 1,025,146 shares changing hands.

A number of equities research analysts have actually lately provided records on KODK shares. StockNews.com started insurance 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” rating in a research note on Friday, May 27th.

The business has a fifty day relocating typical cost of $4.83 as well as a two-hundred day relocating typical 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 company 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– Obtain Rating) last published its quarterly profits results on Tuesday, May 10th. The technology business reported ($ 0.08) profits per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also a net margin of 1.28%. The firm had earnings of $290.00 million throughout the quarter.
Several institutional financiers have lately bought and sold shares of the firm. Amalgamated Financial institution got a new stake in Eastman Kodak during the very first quarter valued at $47,000. PNC Financial Solutions Group Inc. raised its risk in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Provider Group Inc. currently owns 8,000 shares of the technology company’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 throughout the fourth quarter valued at about $57,000. Commonwealth Equity Solutions LLC bought a new stake in shares of Eastman Kodak in the 1st quarter valued at roughly $69,000. Lastly, Beacon Pointe Advisors LLC acquired a new setting in Eastman Kodak in the initial quarter worth roughly $83,000. Institutional capitalists and also hedge funds own 44.78% of the firm’s stock.

Regarding Eastman Kodak (NYSE: KODK).

Eastman Kodak Firm supplies equipment, software, consumables, and also solutions to clients in the business print, product packaging, posting, manufacturing, as well as entertainment markets worldwide. The firm runs through Conventional Printing, Digital Printing, Advanced Products and also Chemicals, as well as Brand.