Reading International (NASDAQ:RDIB) Stock Price Up 3.3% – Time to Buy?

Reading International, Inc. (NASDAQ:RDIB) shares shot up 3.3% on Tuesday . The stock traded as high as $8.51 and last traded at $8.79. 239 shares were traded during mid-day trading, a decline of 99% from the average session volume of 19,271 shares. The stock had previously closed at $8.51.

Analyst Ratings Changes

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 MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Reading International Stock Up 1.9%

The business has a 50 day moving average of $9.23 and a 200 day moving average of $10.63.

Hedge Funds Weigh In On Reading International

An institutional investor recently bought a new position in Reading International stock. Teton Advisors LLC purchased a new stake in shares of Reading International, Inc. (NASDAQ:RDIB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 75,030 shares of the company’s stock, valued at approximately $838,000. Institutional investors and hedge funds own 0.43% of the company’s stock.

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.