Reading International (NASDAQ:RDIB) Stock Price Up 3.3% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Reading International Stock Performance

The firm’s fifty day moving average price is $9.26 and its 200 day moving average price is $10.65.

Hedge Funds Weigh In On Reading International

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