StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a research note released on Thursday. The firm issued a sell rating on the stock.
Reading International Stock Performance
Shares of NASDAQ RDI remained flat at $1.70 during midday trading on Thursday. 1,296 shares of the stock traded hands, compared to its average volume of 12,419. The company has a 50-day moving average price of $1.77 and a two-hundred day moving average price of $1.86. The stock has a market capitalization of $38.01 million, a PE ratio of -1.23 and a beta of 1.59. Reading International has a 12-month low of $1.53 and a 12-month high of $3.27. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.29 and a quick ratio of 0.29.
Reading International (NASDAQ:RDI – Get Free Report) last posted its earnings results on Friday, March 29th. The company reported ($0.56) EPS for the quarter. Reading International had a negative net margin of 13.77% and a negative return on equity of 70.68%. The firm had revenue of $45.32 million for the quarter.
Institutional Trading of Reading International
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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