Reading International (NASDAQ:RDIB) Stock Price Down 5.5% – Here’s What Happened

Reading International, Inc. (NASDAQ:RDIB) fell 5.5% during mid-day trading on Tuesday . The stock traded as low as $8.51 and last traded at $8.04. Approximately 239 shares changed hands 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 Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Reading International in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Reading International Stock Down 1.9%

The business has a 50 day moving average of $8.97 and a 200 day moving average of $10.31.

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.