hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in early morning trading Wednesday, to throw the selloff in the more comprehensive stock market, after the business print as well as innovative materials business stated it took a minority stake in a manufacturer of parts for batteries used for electric automobiles. Financial terms were not disclosed, however Kodak said it took the stake in Wildcat Discovery Technologies, which is establishing an EV "very cell" that can supply greater than 90% renovation in energy density over current batteries. Kodak claimed the financial investment it made comes with the goal of having Wildcat's "very cell" prepared for commercialization in 2 years. "This investment in Wildcat reflects Kodak's commitment to developing brand-new companies by leveraging our existing skills and infrastructure," said Kodak President Jim Continenza. "Coating substrates is an important aspect of manufacturing batteries and no one 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 dropped 20.7% this year.

Eastman Kodak Co. stock increases Friday, still underperforms market

The kodak stock news , +1.64% rose 1.64% to$ 4.96 Friday, on what showed to be an all-around positive trading session for the stock exchange, with the NASDAQ Composite Index COMP, +1.79% increasing 1.79% to 11,452.42 as well as the Dow Jones Industrial Average DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 short of its 52-week high ($ 7.92), which the business attained on August 3rd.

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

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

Eastman Kodak (NYSE: KODK-- Get Ranking)'s stock rate went across listed below its 50 day relocating average during trading on Monday. The stock has a 50 day moving average 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 provided reports on KODK shares. StockNews.com started coverage on Eastman Kodak in a research report on Thursday, March 31st. They set a "sell" rating on the stock. TheStreet lowered shares of Eastman Kodak from a "c-" score to a "d" ranking in a study note on Friday, May 27th.

The business has a fifty day relocating ordinary rate of $4.83 and also 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 as well as a beta of 4.61. The business has a debt-to-equity proportion of 0.33, a present ratio of 2.37 as well as a quick ratio of 1.63.

Eastman Kodak (NYSE: KODK-- Get Score) last published its quarterly earnings results on Tuesday, May 10th. The technology company reported ($ 0.08) profits per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also a web margin of 1.28%. The company had income of $290.00 million throughout the quarter.
A number of institutional investors have actually just recently bought and sold shares of the company. Amalgamated Bank acquired a brand-new stake in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Solutions Group Inc. elevated its stake in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Solutions Team Inc. currently owns 8,000 shares of the modern technology business's stock worth $52,000 after acquiring an additional 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd got a new risk in shares of Eastman Kodak during the fourth quarter valued at concerning $57,000. Commonwealth Equity Services LLC acquired a new risk in shares of Eastman Kodak in the first quarter valued at about $69,000. Finally, Sign Pointe Advisors LLC acquired a new position in Eastman Kodak in the first quarter worth approximately $83,000. Institutional investors and also hedge funds very own 44.78% of the firm's stock.

Regarding Eastman Kodak (NYSE: KODK).

Eastman Kodak Firm provides equipment, software application, consumables, and also services to customers in the industrial print, product packaging, posting, manufacturing, and also enjoyment markets worldwide. The company runs with Conventional Printing, Digital Printing, Advanced Materials as well as Chemicals, and Brand name.