Reading International (NASDAQ:RDI) Shares Cross Below 200-Day Moving Average of $3.59

Reading International, Inc. (NASDAQ:RDIGet Rating)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.59 and traded as low as $3.30. Reading International shares last traded at $3.33, with a volume of 3,889 shares changing hands.

Analysts Set New Price Targets

Separately, initiated coverage on Reading International in a research report on Tuesday. They issued a “sell” rating on the stock.

Reading International Trading Up 0.9 %

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $73.24 million, a PE ratio of -3.26 and a beta of 1.49. The stock’s fifty day simple moving average is $3.11 and its 200 day simple moving average is $3.59.

Reading International (NASDAQ:RDIGet Rating) last posted its quarterly earnings data on Wednesday, November 9th. The company reported ($0.23) EPS for the quarter. The company had revenue of $51.20 million during the quarter. Reading International had a negative return on equity of 24.08% and a negative net margin of 10.99%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Reading International by 89.7% during the 1st quarter. Vanguard Group Inc. now owns 608,778 shares of the company’s stock worth $2,606,000 after acquiring an additional 287,907 shares during the period. Eidelman Virant Capital increased its stake in shares of Reading International by 9.1% in the third quarter. Eidelman Virant Capital now owns 1,263,010 shares of the company’s stock worth $4,180,000 after purchasing an additional 105,498 shares in the last quarter. Marquette Asset Management LLC bought a new stake in shares of Reading International during the 3rd quarter valued at $84,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Reading International during the 1st quarter valued at $71,000. Finally, Atria Wealth Solutions Inc. bought a new position in Reading International in the 1st quarter worth $54,000. 50.98% of the stock is owned by hedge funds and other institutional investors.

Reading International Company Profile

(Get Rating)

Reading International, Inc is an entertainment and real estate company, which engages in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through the Cinema Exhibition and Real Estate segments.

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