hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the more comprehensive stock exchange, after the commercial print and also innovative materials business claimed it took a minority stake in a maker of parts for batteries made use of for electric lorries. Financial terms were not disclosed, but Kodak said it took the risk in Wildcat Exploration Technologies, which is developing an EV “super cell” that can give more than 90% enhancement in power density over current batteries. Kodak stated the investment it made comes with the goal of having Wildcat’s “very cell” prepared for commercialization in two years. “This investment in Wildcat reflects Kodak’s commitment to building new companies by leveraging our existing skills and framework,” claimed Kodak President Jim Continenza. “Coating substrates is a crucial aspect of manufacturing batteries and no one is better at finishing than Kodak.” Kodak’s stock has gotten 7.3% year to day. 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 history , +1.64% increased 1.64% to$ 4.96 Friday, on what proved to be a well-rounded positive trading session for the securities market, with the NASDAQ Composite Index Compensation, +1.79% rising 1.79% to 11,452.42 and the Dow Jones Industrial Average DJIA, +2.15% rising 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 outshined some of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% climbed 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% increased 0.99% to $53.16. Trading volume (739,475) remained 403,162 listed below its 50-day ordinary volume of 1.1 M.

Eastman Kodak (NYSE: KODK) Stock Passes Below 50-Day Relocating 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 reduced as $4.70. Eastman Kodak shares last traded at $4.78, with a volume of 1,025,146 shares altering hands.

A number of equities study experts have recently issued reports on KODK shares. StockNews.com started protection on Eastman Kodak in a research record on Thursday, March 31st. They set a “sell” ranking on the stock. TheStreet reduced shares of Eastman Kodak from a “c-” score to a “d” rating in a study note on Friday, May 27th.

The business has a fifty day relocating ordinary price of $4.83 as well as a two-hundred day relocating typical rate of $4.97. The company 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, an existing proportion of 2.37 as well as a quick ratio of 1.63.

Eastman Kodak (NYSE: KODK– Get Score) last uploaded its quarterly revenues outcomes on Tuesday, May 10th. The innovation company reported ($ 0.08) earnings per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and a web margin of 1.28%. The company had revenue of $290.00 million during the quarter.
Numerous institutional financiers have recently dealt shares of the company. Amalgamated Bank got a new stake in Eastman Kodak during the very first 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 Solutions Team Inc. now possesses 8,000 shares of the modern technology company’s stock worth $52,000 after buying an additional 6,600 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Eastman Kodak throughout the 4th quarter valued at regarding $57,000. Commonwealth Equity Providers LLC bought a new stake in shares of Eastman Kodak in the first quarter valued at around $69,000. Ultimately, Sign Pointe Advisors LLC got a new position in Eastman Kodak in the initial quarter worth around $83,000. Institutional investors and also hedge funds very own 44.78% of the company’s stock.

Regarding Eastman Kodak (NYSE: KODK).

Eastman Kodak Firm offers hardware, software, consumables, and also services to customers in the commercial print, product packaging, publishing, production, and amusement markets worldwide. The company operates with Standard Printing, Digital Printing, Advanced Products and also Chemicals, and also Brand name.