Reading International, Inc. (NASDAQ:RDI – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.58 and traded as low as $1.42. Reading International shares last traded at $1.45, with a volume of 15,421 shares.
Analyst Ratings Changes
A number of brokerages recently issued reports on RDI. Macquarie upped their target price on Reading International from $2.00 to $2.40 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. StockNews.com started coverage on Reading International in a research note on Friday. They issued a “sell” rating for the company.
Get Our Latest Research Report on Reading International
Reading International Price Performance
Reading International (NASDAQ:RDI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.42) EPS for the quarter. Reading International had a negative net margin of 19.32% and a negative return on equity of 153.86%. The company had revenue of $46.81 million for the quarter.
Hedge Funds Weigh In On Reading International
A number of hedge funds and other institutional investors have recently bought and sold shares of RDI. Krilogy Financial LLC boosted its holdings in Reading International by 6.7% in the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after purchasing an additional 124,326 shares in the last quarter. Wittenberg Investment Management Inc. lifted its holdings in shares of Reading International by 0.7% in the 1st quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock valued at $2,783,000 after buying an additional 11,140 shares during the period. Finally, Logan Stone Capital LLC purchased a new stake in shares of Reading International in the second quarter valued at approximately $38,000. 44.70% of the stock is currently owned by hedge funds and other institutional investors.
About Reading International
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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