Reading International (NASDAQ:RDI) Announces Earnings Results

Reading International (NASDAQ:RDI) announced its earnings results on Friday. The company reported ($0.18) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $52.17 million during the quarter.

Reading International Stock Down 4.5%

Shares of Reading International stock traded down $0.06 during trading on Friday, reaching $1.27. The company’s stock had a trading volume of 50,616 shares, compared to its average volume of 47,485. Reading International has a 1-year low of $1.17 and a 1-year high of $1.87. The company has a 50-day simple moving average of $1.45 and a two-hundred day simple moving average of $1.40. The company has a market cap of $28.85 million, a price-to-earnings ratio of -1.72 and a beta of 1.29.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Reading International in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Reading International currently has an average rating of “Sell”.

About Reading International

Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.