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

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to throw the selloff in the wider securities market, after the commercial print and sophisticated products firm said it took a minority stake in a maker of components for batteries used for electrical cars. Financial terms were not disclosed, yet Kodak stated it took the stake in Wildcat Discovery Technologies, which is developing an EV “very cell” that can provide more than 90% enhancement in power thickness over present batteries. Kodak claimed the investment it made comes with the goal of having Wildcat’s “incredibly cell” all set for commercialization in 2 years. “This financial investment in Wildcat shows Kodak’s dedication to constructing brand-new services by leveraging our existing abilities and also framework,” stated Kodak Chief Executive Jim Continenza. “Finish substratums is an important aspect of producing batteries and also no one is much better at finish 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 gone down 20.7% this year.

Eastman Kodak Co. stock rises Friday, still underperforms market

The kodak stock price today , +1.64% rose 1.64% to$ 4.96 Friday, on what showed to be a well-rounded favorable trading session for the securities market, with the NASDAQ Composite Index COMP, +1.79% increasing 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 company accomplished on August 3rd.

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

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

Eastman Kodak (NYSE: KODK– Obtain Rating)’s stock rate went across listed below its 50 day relocating standard during trading on Monday. The stock has a 50 day relocating standard of $4.83 as well as 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 number of equities study analysts have recently provided reports on KODK shares. StockNews.com started coverage on Eastman Kodak in a study record on Thursday, March 31st. They set a “sell” rating on the stock. TheStreet lowered shares of Eastman Kodak from a “c-” rating to a “d” score in a research study note on Friday, May 27th.

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

Eastman Kodak (NYSE: KODK– Obtain Ranking) last uploaded its quarterly earnings results on Tuesday, May 10th. The modern technology business reported ($ 0.08) incomes 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 firm had profits of $290.00 million throughout the quarter.
A number of institutional capitalists have recently bought and sold shares of the firm. Amalgamated Financial institution acquired a brand-new risk in Eastman Kodak during the initial quarter valued at $47,000. PNC Financial Solutions Team Inc. increased its stake in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Provider Group Inc. now has 8,000 shares of the modern technology firm’s stock worth $52,000 after acquiring an extra 6,600 shares in the last quarter. Qube Study & Technologies Ltd obtained a new stake in shares of Eastman Kodak during the 4th quarter valued at concerning $57,000. Commonwealth Equity Solutions LLC bought a new stake in shares of Eastman Kodak in the 1st quarter valued at around $69,000. Ultimately, Beacon Pointe Advisors LLC got a brand-new placement in Eastman Kodak in the very first quarter worth roughly $83,000. Institutional financiers as well as hedge funds own 44.78% of the company’s stock.

About Eastman Kodak (NYSE: KODK).

Eastman Kodak Company supplies hardware, software program, consumables, and also solutions to customers in the commercial print, packaging, publishing, production, and amusement markets worldwide. The business operates with Standard Printing, Digital Printing, Advanced Products and Chemicals, and also Brand name.

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