Shares of Reading International, Inc. (NASDAQ:RDI – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.76 and traded as low as $1.34. Reading International shares last traded at $1.40, with a volume of 5,451 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Reading International in a research note on Friday. They issued a “sell” rating on the stock.
Read Our Latest Research Report on Reading International
Reading International Stock Performance
Reading International (NASDAQ:RDI – Get Free Report) last released its earnings results on Wednesday, May 15th. The company reported ($0.59) earnings per share for the quarter. Reading International had a negative return on equity of 93.46% and a negative net margin of 14.77%. The business had revenue of $45.05 million during the quarter.
Hedge Funds Weigh In On Reading International
An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC increased its position in shares of Reading International, Inc. (NASDAQ:RDI – Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,854,408 shares of the company’s stock after buying an additional 86,013 shares during the period. Krilogy Financial LLC owned about 8.36% of Reading International worth $3,542,000 at the end of the most recent quarter. Institutional investors own 44.70% of the company’s stock.
Reading International Company Profile
Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.
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