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

hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in morning trading Wednesday, to throw the selloff in the more comprehensive stock market, after the business print and innovative products firm claimed it took a minority stake in a manufacturer of elements for batteries utilized for electric lorries. Financial terms were not revealed, but Kodak said it took the risk in Wildcat Discovery Technologies, which is developing an EV “very cell” that can provide higher than 90% enhancement in energy thickness over present batteries. Kodak said the financial investment it made comes with the objective of having Wildcat’s “super cell” prepared for commercialization in 2 years. “This financial investment in Wildcat mirrors Kodak’s commitment to developing new businesses by leveraging our existing skills as well as facilities,” said Kodak Chief Executive Jim Continenza. “Covering substratums is an essential element of making batteries as well as nobody is better at finishing than Kodak.” Kodak’s stock has gained 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 rises Friday, still underperforms market

The kodak stock history , +1.64% increased 1.64% to$ 4.96 Friday, on what showed to be an all-around beneficial trading session for the securities market, with the NASDAQ Composite Index Compensation, +1.79% climbing 1.79% to 11,452.42 as well as the Dow Jones Industrial Average 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 business achieved on August 3rd.

The stock outperformed several 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% increased 0.99% to $53.16. Trading volume (739,475) remained 403,162 listed below its 50-day typical volume of 1.1 M.

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

Eastman Kodak (NYSE: KODK– Obtain Ranking)’s stock cost crossed below its 50 day relocating standard during trading on Monday. The stock has a 50 day moving standard of $4.83 and traded as low as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares changing hands.

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

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

Eastman Kodak (NYSE: KODK– Get Score) last posted its quarterly profits results on Tuesday, May 10th. The modern technology company reported ($ 0.08) earnings 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 income of $290.00 million throughout the quarter.
A number of institutional financiers have just recently bought and sold shares of the business. Amalgamated Bank acquired a new stake in Eastman Kodak throughout the initial quarter valued at $47,000. PNC Financial Provider Group Inc. elevated its risk in shares of Eastman Kodak by 471.4% during the first quarter. PNC Financial Solutions Team Inc. currently has 8,000 shares of the technology company’s stock worth $52,000 after acquiring an extra 6,600 shares in the last quarter. Qube Study & Technologies Ltd acquired a new stake in shares of Eastman Kodak throughout the 4th quarter valued at about $57,000. Republic Equity Services LLC acquired a new stake in shares of Eastman Kodak in the first quarter valued at roughly $69,000. Finally, Beacon Pointe Advisors LLC obtained a new position in Eastman Kodak in the very first quarter worth about $83,000. Institutional investors as well as hedge funds own 44.78% of the business’s stock.

Concerning Eastman Kodak (NYSE: KODK).

Eastman Kodak Business gives hardware, software application, consumables, as well as services to consumers in the business print, packaging, publishing, production, as well as amusement markets worldwide. The company runs via Typical Printing, Digital Printing, Advanced Materials and Chemicals, and also Brand name.