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

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the broader stock exchange, after the commercial print and also advanced products firm stated it took a minority stake in a manufacturer of elements for batteries made use of for electrical automobiles. Financial terms were not divulged, but Kodak stated it took the risk in Wildcat Exploration Technologies, which is developing an EV “incredibly cell” that can give above 90% improvement in energy thickness over existing batteries. Kodak stated the financial investment it made comes with the objective of having Wildcat’s “extremely cell” all set for commercialization in 2 years. “This investment in Wildcat reflects Kodak’s commitment to building new businesses by leveraging our existing skills as well as infrastructure,” claimed Kodak President Jim Continenza. “Coating substrates is an essential element of producing batteries and nobody is better at finishing than Kodak.” Kodak’s stock has actually obtained 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% early Wednesday, has dropped 20.7% this year.

Eastman Kodak Co. stock climbs Friday, still underperforms market

The eastman kodak stock price , +1.64% climbed 1.64% to$ 4.96 Friday, on what proved to be an all-around favorable trading session for the stock exchange, with the NASDAQ Composite Index COMP, +1.79% rising 1.79% to 11,452.42 and also 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 surpassed some of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% climbed 0.94% to$ 22.62, HP Inc. HPQ, +1.54% increased 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading quantity (739,475) stayed 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 listed below its 50 day moving average during trading on Monday. The stock has a 50 day relocating average of $4.83 and also traded as reduced 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 recently released 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 lowered 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 moving 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 also 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 quick proportion of 1.63.

Eastman Kodak (NYSE: KODK– Get Score) last published its quarterly profits results on Tuesday, May 10th. The innovation company reported ($ 0.08) incomes per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and an internet margin of 1.28%. The business had income of $290.00 million throughout the quarter.
A number of institutional investors have lately bought and sold shares of the firm. Amalgamated Bank got a brand-new risk in Eastman Kodak during the initial quarter valued at $47,000. PNC Financial Services Group Inc. raised its risk in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Provider Team Inc. now owns 8,000 shares of the technology company’s stock worth $52,000 after buying an additional 6,600 shares in the last quarter. Qube Research & Technologies Ltd acquired a brand-new risk in shares of Eastman Kodak during the fourth quarter valued at regarding $57,000. Commonwealth Equity Providers LLC purchased a brand-new risk in shares of Eastman Kodak in the first quarter valued at roughly $69,000. Ultimately, Beacon Pointe Advisors LLC acquired a new placement in Eastman Kodak in the initial quarter worth around $83,000. Institutional investors as well as hedge funds own 44.78% of the business’s stock.

Concerning Eastman Kodak (NYSE: KODK).

Eastman Kodak Firm offers hardware, software program, consumables, and also solutions to customers in the industrial print, product packaging, posting, manufacturing, and also home entertainment markets worldwide. The firm runs through Standard Printing, Digital Printing, Advanced Products and also Chemicals, and also Brand.