Reading International, Inc. (NASDAQ:RDI – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.78 and traded as low as $1.39. Reading International shares last traded at $1.39, with a volume of 21,008 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Reading International in a research note on Thursday. They issued a “sell” rating for the company.
Read Our Latest Research Report on Reading International
Reading International Stock Performance
Reading International (NASDAQ:RDI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.59) EPS for the quarter. The firm had revenue of $45.05 million during the quarter. Reading International had a negative return on equity of 93.46% and a negative net margin of 14.77%.
Hedge Funds Weigh In On Reading International
A hedge fund recently raised its stake in Reading International stock. Krilogy Financial LLC increased its holdings in shares of Reading International, Inc. (NASDAQ:RDI – Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,854,408 shares of the company’s stock after purchasing an additional 86,013 shares during the period. Krilogy Financial LLC owned approximately 8.36% of Reading International worth $3,542,000 at the end of the most recent quarter. Institutional investors and hedge funds own 44.70% of the company’s stock.
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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