Reading International (RDIB) Set to Release Earnings on Thursday

Reading International (NASDAQ:RDIB) will likely be releasing its results before the market opens on Thursday, November 12th. Analysts expect Reading International to post earnings of ($0.0653) per share and revenue of $58.56 million for the quarter.

Reading International Price Performance

NASDAQ RDIB opened at $11.66 on Wednesday. Reading International has a 52-week low of $8.00 and a 52-week high of $24.00. The business’s 50-day moving average price is $13.50 and its 200 day moving average price is $10.90.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Reading International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Reading International Company Profile

Reading International, Inc. is an entertainment and real estate company that operates cinemas and owns, develops and manages real estate assets. Its cinema business includes multiplex theaters and specialty film venues designed to offer mainstream and independent films, premium viewing experiences, and related concessions and services. The company operates cinemas under the Reading Cinemas and Angelika Film Center brands. Its cinema operations serve customers in the United States, Australia and New Zealand, with locations offering a combination of conventional movie screens, luxury amenities and curated programming, depending on the market.