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

hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in early morning trading Wednesday, to buck the selloff in the wider stock exchange, after the industrial print and innovative products firm claimed it took a minority stake in a maker of parts for batteries used for electric lorries. Financial terms were not divulged, but Kodak claimed it took the risk in Wildcat Exploration Technologies, which is creating an EV “super cell” that can give higher than 90% improvement in power density over present batteries. Kodak claimed the financial investment it made features the goal of having Wildcat’s “extremely cell” all set for commercialization in 2 years. “This financial investment in Wildcat mirrors Kodak’s commitment to building new businesses by leveraging our existing skills and also facilities,” said Kodak Chief Executive Jim Continenza. “Finish substratums is a critical element of making batteries and also no person is much better at layer 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% early Wednesday, has actually dropped 20.7% this year.

Eastman Kodak Co. stock rises Friday, still underperforms market

The kodak stock news , +1.64% rose 1.64% to$ 4.96 Friday, on what proved to be a well-rounded positive trading session for the stock exchange, with the NASDAQ Composite Index Compensation, +1.79% increasing 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 business accomplished on August 3rd.

The stock outperformed a few of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% climbed 0.94% to$ 22.62, HP Inc. HPQ, +1.54% climbed 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading quantity (739,475) continued to be 403,162 listed below its 50-day average quantity of 1.1 M.

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

Eastman Kodak (NYSE: KODK– Obtain Score)’s stock rate crossed below its 50 day moving average throughout trading on Monday. The stock has a 50 day moving 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 transforming hands.

A variety of equities research experts have recently issued records on KODK shares. StockNews.com began coverage on Eastman Kodak in a study record on Thursday, March 31st. They set a “sell” ranking on the stock. TheStreet reduced 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 rate of $4.83 and a two-hundred day moving ordinary price of $4.97. The company has a market cap of $377.24 million, a PE proportion of 239.00 and a beta of 4.61. The firm has a debt-to-equity proportion of 0.33, an existing proportion of 2.37 and also a fast ratio of 1.63.

Eastman Kodak (NYSE: KODK– Obtain Score) last posted its quarterly earnings results on Tuesday, May 10th. The technology company reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% as well as a net margin of 1.28%. The firm had earnings of $290.00 million throughout the quarter.
Several institutional capitalists have actually just recently dealt shares of the firm. Amalgamated Bank obtained a new stake in Eastman Kodak during the very first quarter valued at $47,000. PNC Financial Provider Group Inc. elevated its stake in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Services Group Inc. now has 8,000 shares of the modern technology business’s stock worth $52,000 after acquiring an added 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 about $57,000. Commonwealth Equity Providers LLC purchased a new stake in shares of Eastman Kodak in the first quarter valued at around $69,000. Finally, Beacon Pointe Advisors LLC got a brand-new placement in Eastman Kodak in the very first quarter worth around $83,000. Institutional financiers as well as hedge funds very own 44.78% of the firm’s stock.

About Eastman Kodak (NYSE: KODK).

Eastman Kodak Company gives hardware, software application, consumables, and services to clients in the industrial print, product packaging, posting, production, and also enjoyment markets worldwide. The business runs via Conventional Printing, Digital Printing, Advanced Materials and also Chemicals, and Brand name.