Reading International (NASDAQ:RDIB) Shares Up 0.4% – Here’s What Happened

Reading International, Inc. (NASDAQ:RDIB) shares shot up 0.4% on Monday . The company traded as high as $9.25 and last traded at $9.30. 487 shares were traded during mid-day trading, a decline of 98% from the average session volume of 20,349 shares. The stock had previously closed at $9.26.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Reading International in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Reading International has an average rating of “Sell”.

Reading International Stock Down 2.4%

The company’s 50 day moving average price is $9.56 and its 200-day moving average price is $10.99.

Institutional Trading of Reading International

A hedge fund recently bought a new stake in Reading International stock. Teton Advisors LLC bought a new position in shares of Reading International, Inc. (NASDAQ:RDIB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 75,030 shares of the company’s stock, valued at approximately $838,000. 0.43% of the stock is currently owned by institutional investors.

Reading International Company Profile

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. The Cinema Exhibition segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, City Cinemas, 44 Union Square, and Liberty Theatres brands. The Real Estate segment comprises real estate development and the rental or licensing of retail, commercial and live theater assets.