Reading International (NASDAQ:RDI) Announces Quarterly Earnings Results

Reading International (NASDAQ:RDI) announced its quarterly 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 for the quarter.

Reading International Stock Down 4.5%

NASDAQ:RDI traded down $0.06 during trading hours on Friday, hitting $1.27. 50,616 shares of the stock were exchanged, compared to its average volume of 47,485. The company has a market capitalization of $28.85 million, a P/E ratio of -1.72 and a beta of 1.29. Reading International has a twelve month low of $1.17 and a twelve month high of $1.87. The company’s 50 day moving average is $1.45 and its two-hundred day moving average is $1.40.

Wall Street Analyst Weigh In

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

Reading International Company Profile

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.