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

hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in morning trading Wednesday, to throw the selloff in the broader stock exchange, after the business print and also sophisticated products firm stated it took a minority stake in a manufacturer of components for batteries made use of for electric automobiles. Financial terms were not divulged, but Kodak stated it took the stake in Wildcat Exploration Technologies, which is establishing an EV “super cell” that can provide more than 90% enhancement in energy density over current batteries. Kodak claimed the investment it made features the objective of having Wildcat’s “extremely cell” ready for commercialization in two years. “This financial investment in Wildcat shows Kodak’s commitment to constructing brand-new services by leveraging our existing abilities as well as facilities,” stated Kodak President Jim Continenza. “Layer substrates is a crucial facet of producing batteries as well as no one is better at layer than Kodak.” Kodak’s stock has actually acquired 7.3% year to day. 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 rises Friday, still underperforms market

The eastman kodak stock , +1.64% rose 1.64% to$ 4.96 Friday, on what showed to be a well-rounded beneficial trading session for the stock exchange, with the NASDAQ Composite Index Compensation, +1.79% rising 1.79% to 11,452.42 and also the Dow Jones Industrial Average DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 except its 52-week high ($ 7.92), which the company accomplished on August 3rd.

The stock outshined some 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% climbed 0.99% to $53.16. Trading volume (739,475) continued to be 403,162 listed below its 50-day average volume of 1.1 M.

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

Eastman Kodak (NYSE: KODK– Obtain Score)’s stock rate went across listed below its 50 day relocating standard throughout 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 volume of 1,025,146 shares transforming hands.

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

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

Eastman Kodak (NYSE: KODK– Obtain Ranking) last uploaded its quarterly revenues outcomes on Tuesday, May 10th. The technology business reported ($ 0.08) profits 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.
Numerous institutional financiers have actually lately bought and sold shares of the firm. Amalgamated Bank got a brand-new risk in Eastman Kodak throughout the very first quarter valued at $47,000. PNC Financial Services Team Inc. increased its stake in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Services Team Inc. currently has 8,000 shares of the innovation firm’s stock worth $52,000 after buying an extra 6,600 shares in the last quarter. Qube Research Study & Technologies Ltd acquired a new stake in shares of Eastman Kodak during the fourth quarter valued at about $57,000. Commonwealth Equity Solutions LLC bought a new risk in shares of Eastman Kodak in the 1st quarter valued at approximately $69,000. Ultimately, Sign Pointe Advisors LLC acquired a new position in Eastman Kodak in the very first quarter worth about $83,000. Institutional capitalists and hedge funds very own 44.78% of the firm’s stock.

About Eastman Kodak (NYSE: KODK).

Eastman Kodak Firm supplies equipment, software, consumables, and also services to clients in the industrial print, packaging, publishing, production, and also entertainment markets worldwide. The business runs through Standard Printing, Digital Printing, Advanced Materials and also Chemicals, and Brand.