Reading International (NASDAQ:RDI) Issues Quarterly Earnings Results

Reading International (NASDAQ:RDI) announced its quarterly earnings results on Friday. The company reported ($0.36) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $45.12 million during the quarter.

Reading International Price Performance

Shares of RDI traded up $0.01 during mid-day trading on Friday, hitting $1.06. The stock had a trading volume of 22,686 shares, compared to its average volume of 20,776. The firm has a market cap of $24.08 million, a P/E ratio of -1.71 and a beta of 0.80. The business has a fifty day moving average price of $1.11 and a 200-day moving average price of $1.14. Reading International has a 52 week low of $0.94 and a 52 week high of $1.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Reading International in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Reading International has a consensus rating of “Sell”.

About Reading International

Reading International, Inc (NASDAQ: RDI) is a diversified entertainment and real estate company headquartered in Santa Monica, California. The company’s principal operating arm is Reading Cinemas, a chain of multiplex movie theaters serving audiences in Australia, New Zealand and the United States. Reading Cinemas locations feature a mix of mainstream and independent film programming, premium large-format screens, special event presentations and concession services designed to enhance the customer experience.

In addition to its exhibition business, Reading International maintains a real estate development and management division focused on retail, office and mixed-use properties.