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

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to throw the selloff in the broader stock market, after the commercial print and also sophisticated products business said it took a minority risk in a maker of components for batteries made use of for electrical cars. Financial terms were not divulged, however Kodak said it took the risk in Wildcat Exploration Technologies, which is developing an EV "very cell" that can offer higher than 90% renovation in energy thickness over present batteries. Kodak said the investment it made features the goal of having Wildcat's "very cell" prepared for commercialization in two years. "This financial investment in Wildcat shows Kodak's commitment to constructing new businesses by leveraging our existing skills and infrastructure," stated Kodak President Jim Continenza. "Finish substratums is an important facet of manufacturing batteries and nobody is better at covering than Kodak." Kodak's stock has obtained 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has actually gone down 20.7% this year.

Eastman Kodak Co. stock increases Friday, still underperforms market

The kodak stock history , +1.64% rose 1.64% to$ 4.96 Friday, on what proved 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 and the Dow Jones Industrial Average DJIA, +2.15% increasing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 short of its 52-week high ($ 7.92), which the business achieved on August 3rd.

The stock surpassed 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, and also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% climbed 0.99% to $53.16. Trading volume (739,475) continued to be 403,162 below its 50-day average quantity of 1.1 M.

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

Eastman Kodak (NYSE: KODK-- Obtain Score)'s stock price went across below its 50 day moving standard during trading on Monday. The stock has a 50 day relocating standard of $4.83 and also 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 number of equities study analysts have actually just recently released records on KODK shares. StockNews.com started insurance coverage on Eastman Kodak in a research record on Thursday, March 31st. They established a "sell" ranking on the stock. TheStreet reduced shares of Eastman Kodak from a "c-" rating to a "d" rating in a study note on Friday, May 27th.

The business has a fifty day moving typical price of $4.83 and a two-hundred day relocating typical 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 business has a debt-to-equity proportion of 0.33, an existing proportion of 2.37 and a fast proportion of 1.63.

Eastman Kodak (NYSE: KODK-- Obtain Ranking) last uploaded its quarterly earnings results on Tuesday, May 10th. The innovation business reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also an internet margin of 1.28%. The business had profits of $290.00 million during the quarter.
Several institutional financiers have recently bought and sold shares of the firm. Amalgamated Financial institution acquired a new risk in Eastman Kodak throughout the first quarter valued at $47,000. PNC Financial Solutions Team Inc. increased its stake in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Provider Group Inc. currently has 8,000 shares of the technology firm's stock worth $52,000 after acquiring an extra 6,600 shares in the last quarter. Qube Study & Technologies Ltd obtained a brand-new stake in shares of Eastman Kodak during the 4th quarter valued at about $57,000. Republic Equity Solutions LLC acquired a brand-new stake in shares of Eastman Kodak in the first quarter valued at about $69,000. Finally, Sign Pointe Advisors LLC got a new placement in Eastman Kodak in the first quarter worth about $83,000. Institutional investors and hedge funds very own 44.78% of the company's stock.

Regarding Eastman Kodak (NYSE: KODK).

Eastman Kodak Business supplies hardware, software, consumables, and also services to consumers in the business print, product packaging, publishing, manufacturing, as well as amusement markets worldwide. The firm runs through Traditional Printing, Digital Printing, Advanced Products and also Chemicals, as well as Brand name.

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