Reading International (NASDAQ:RDIB) Trading 0.4% Higher – Time to Buy?

Reading International, Inc. (NASDAQ:RDIB) shares traded up 0.4% during mid-day trading on Monday . The stock 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.

Analysts Set New Price Targets

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

Reading International Stock Performance

The stock’s 50 day moving average price is $9.56 and its two-hundred day moving average price is $10.99.

Hedge Funds Weigh In On Reading International

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

About Reading International

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.