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

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to buck the selloff in the broader securities market, after the industrial print and also advanced products firm said it took a minority risk in a manufacturer of components for batteries utilized for electric lorries. Financial terms were not revealed, but Kodak claimed it took the risk in Wildcat Exploration Technologies, which is creating an EV “super cell” that can supply greater than 90% renovation in energy density over current batteries. Kodak claimed the financial investment it made comes with the objective of having Wildcat’s “extremely cell” all set for commercialization in 2 years. “This financial investment in Wildcat shows Kodak’s commitment to building brand-new companies by leveraging our existing skills as well as facilities,” claimed Kodak Chief Executive Jim Continenza. “Layer substratums is a critical facet of making batteries and nobody is better at coating than Kodak.” Kodak’s stock has gained 7.3% year to date. 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 kodak stock forecast , +1.64% rose 1.64% to$ 4.96 Friday, on what showed to be a well-rounded desirable trading session for the securities market, with the NASDAQ Composite Index COMP, +1.79% rising 1.79% to 11,452.42 and the Dow Jones Industrial Standard 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 achieved on August 3rd.

The stock outmatched a few of its competitors Friday, as Canon Inc. ADR CAJ, +0.94% increased 0.94% to$ 22.62, HP Inc. HPQ, +1.54% increased 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% rose 0.99% to $53.16. Trading volume (739,475) stayed 403,162 listed below its 50-day average volume of 1.1 M.

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

Eastman Kodak (NYSE: KODK– Get Rating)’s stock rate crossed below its 50 day relocating standard during trading on Monday. The stock has a 50 day relocating standard of $4.83 and also traded as low 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 research study analysts have actually just recently released records on KODK shares. StockNews.com started protection on Eastman Kodak in a research study record on Thursday, March 31st. They set a “sell” score on the stock. TheStreet reduced shares of Eastman Kodak from a “c-” score to a “d” ranking in a research study note on Friday, May 27th.

Business has a fifty day moving average rate of $4.83 as well as a two-hundred day relocating ordinary cost of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 and a beta of 4.61. The company has a debt-to-equity proportion of 0.33, a current ratio of 2.37 and also a fast proportion of 1.63.

Eastman Kodak (NYSE: KODK– Get Ranking) last posted its quarterly revenues outcomes on Tuesday, May 10th. The technology business reported ($ 0.08) incomes per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% as well as a web margin of 1.28%. The company had revenue of $290.00 million throughout the quarter.
A number of institutional investors have actually lately dealt shares of the business. Amalgamated Bank acquired a brand-new risk in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Solutions Group Inc. increased its stake in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Solutions Team Inc. now owns 8,000 shares of the modern technology firm’s stock worth $52,000 after purchasing an added 6,600 shares in the last quarter. Qube Research & Technologies Ltd got a brand-new stake in shares of Eastman Kodak throughout the 4th quarter valued at about $57,000. Commonwealth Equity Solutions LLC purchased a brand-new risk in shares of Eastman Kodak in the 1st quarter valued at roughly $69,000. Lastly, Sign Pointe Advisors LLC got a brand-new setting in Eastman Kodak in the initial quarter worth roughly $83,000. Institutional financiers as well as hedge funds own 44.78% of the business’s stock.

About Eastman Kodak (NYSE: KODK).

Eastman Kodak Company supplies hardware, software, consumables, as well as services to clients in the business print, packaging, publishing, production, and also home entertainment markets worldwide. The firm runs via Conventional Printing, Digital Printing, Advanced Materials as well as Chemicals, and also Brand name.

Flenn Burke

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