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

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to buck the selloff in the more comprehensive securities market, after the commercial print and also innovative products firm claimed it took a minority risk in a maker of elements for batteries utilized for electric vehicles. Financial terms were not disclosed, however Kodak said it took the risk in Wildcat Exploration Technologies, which is developing an EV "very cell" that can supply higher than 90% renovation in power thickness over present batteries. Kodak said the financial investment it made includes the goal of having Wildcat's "very cell" prepared for commercialization in two years. "This financial investment in Wildcat mirrors Kodak's commitment to constructing new companies by leveraging our existing skills and also infrastructure," stated Kodak President Jim Continenza. "Covering substratums is a vital aspect of producing batteries and no person is much 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 gone down 20.7% this year.

Eastman Kodak Co. stock increases Friday, still underperforms market

The kodak stock forecast , +1.64% climbed 1.64% to$ 4.96 Friday, on what verified to be an all-around favorable trading session for the stock exchange, with the NASDAQ Composite Index Compensation, +1.79% increasing 1.79% to 11,452.42 and also the Dow Jones Industrial Average DJIA, +2.15% climbing 2.15% to 31,288.26. Eastman Kodak Co. closed $2.96 except its 52-week high ($ 7.92), which the business attained on August 3rd.

The stock surpassed some of its competitors 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) 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 Rating)'s stock rate crossed listed below its 50 day moving average during trading on Monday. The stock has a 50 day moving standard of $4.83 as well as traded as reduced as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares altering hands.

A variety of equities study analysts have recently released records on KODK shares. StockNews.com began coverage on Eastman Kodak in a research study report on Thursday, March 31st. They established a "sell" score on the stock. TheStreet decreased shares of Eastman Kodak from a "c-" ranking to a "d" ranking in a research study note on Friday, May 27th.

The business has a fifty day relocating average cost of $4.83 and also a two-hundred day moving typical rate of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The firm has a debt-to-equity proportion of 0.33, an existing proportion of 2.37 and a fast ratio of 1.63.

Eastman Kodak (NYSE: KODK-- Get Score) last uploaded its quarterly revenues outcomes on Tuesday, May 10th. The modern technology firm reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and an internet margin of 1.28%. The company had revenue of $290.00 million during the quarter.
Several institutional investors have just recently dealt shares of the company. Amalgamated Financial institution got a brand-new stake in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Services Team Inc. raised its risk in shares of Eastman Kodak by 471.4% throughout the first quarter. PNC Financial Provider Group Inc. now possesses 8,000 shares of the innovation firm's stock worth $52,000 after purchasing an additional 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd obtained a new stake in shares of Eastman Kodak throughout the fourth quarter valued at about $57,000. Republic Equity Providers LLC purchased a brand-new risk in shares of Eastman Kodak in the first quarter valued at about $69,000. Finally, Beacon Pointe Advisors LLC obtained a new position in Eastman Kodak in the first quarter worth roughly $83,000. Institutional capitalists as well as hedge funds very own 44.78% of the firm's stock.

Regarding Eastman Kodak (NYSE: KODK).

Eastman Kodak Firm gives equipment, software, consumables, as well as services to clients in the industrial print, product packaging, posting, production, and also amusement markets worldwide. The business operates via Conventional Printing, Digital Printing, Advanced Materials and Chemicals, and also Brand name.

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