Reading International Inc. (RDI) Stock Rating Reaffirmed by B. Riley
Reading International Inc. (NASDAQ:RDI)‘s stock had its “buy” rating reiterated by research analysts at B. Riley in a research note issued to investors on Thursday. They currently have a $26.00 price objective on the stock. B. Riley’s price objective points to a potential upside of 92.59% from the stock’s previous close.
Shares of Reading International (NASDAQ:RDI) traded up 0.22% during midday trading on Thursday, hitting $13.53. The company had a trading volume of 9,900 shares. The firm’s 50-day moving average is $13.46 and its 200-day moving average is $12.94. Reading International has a 12-month low of $9.71 and a 12-month high of $17.31. The firm has a market capitalization of $315.71 million, a P/E ratio of 35.61 and a beta of 0.61.
Reading International (NASDAQ:RDI) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $66.90 million for the quarter, compared to analyst estimates of $61 million. Reading International had a return on equity of 6.43% and a net margin of 3.46%.
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In related news, insider James J. Cotter, Jr. sold 118,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $12.88, for a total value of $1,519,840.00. Following the completion of the sale, the insider now directly owns 745,186 shares in the company, valued at approximately $9,597,995.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James J. Cotter, Jr. sold 32,000 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $12.96, for a total value of $414,720.00. Following the completion of the sale, the insider now owns 627,186 shares of the company’s stock, valued at $8,128,330.56. The disclosure for this sale can be found here. 26.75% of the stock is owned by corporate insiders.
Reading International Company Profile
Reading International, Inc (RDI) is focused on the development, ownership and operation of multiplex cinemas, and retail and commercial real estate in the United States, Australia and New Zealand. The Company operates through two segments: cinema exhibition and real estate. The cinema exhibition segment operates multiplex cinemas.
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