Kodak uses blockchain for photo copyright protection

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The announcement of the cryptocurrency sent Kodak's stock rising more than 30 percent. The company has market cap of $2.34 billion.

Legendarily short-sighted camera company Kodak has become the latest company to dangle the term cryptocurrency in front of investors, with the move widely read as a gamble on the hype surrounding this little-understood technology. About 6.78 million shares traded or 2688.64% up from the average. KODK trades with a P/S ratio of 0.29.

Eastman Kodak Company provides hardware, software, consumables, and services to clients in various markets worldwide. The GECF segment consists of the Graphics and Entertainment & Commercial Films groups, as well as Kodak's intellectual property and brand licensing activities. It offers digital offset plate and computer-to-plate imaging solutions, and electro photographic printing solutions to a range of commercial industries, including commercial print, direct mail, book publishing, newspapers and magazines, and packaging.

A number of other companies have seen stock market benefit from bolting the word "blockchain" onto the name of their companies. Kodak will be installing rows of Bitcoin mining rigs at its headquarters in Rochester, New York.

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Eastman Kodak Company (KODK) was also brought into the spotlight with a -$2.3 drop.

For the current quarter, 0 analysts are projecting a mean EPS of $0/share.

By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with HIGH volatility.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. Analyzing another popular indicator, it is very clear that the 10-day moving average Hilo channel is now at a Buy. For the long-term approach of trading or also can for short period of time, 200 days MA can also help to get idea about trading, KODK has 40.43% which indicates Bullish trends and this can also make isolating trends easier. Legal & General Group Inc Public Limited Company owns 4,507 shares or 0% of their United States portfolio. The return on assets stands at -2.2%, Return on Equity now is 48.2% and the Return on Investment value is 32.5%. Bnp Paribas Arbitrage holds 0% of its portfolio in Eastman Kodak Company (NYSE:KODK) for 3,538 shares. The Stock has YTD (year to date) performance of 170.97 percent. Caprock Grp Inc has invested 0.02% in Eastman Kodak Company (NYSE:KODK). In financial situations, the standard deviation is used for the annual rate of return in order aid in measuring the volatility of a certain investment. The Free Cash Flow or FCF margin is 0. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

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