Reading International (RDIB) Coverage Initiated by Analysts at Gabelli

Equities researchers at Gabelli assumed coverage on shares of Reading International (NASDAQ:RDIB) in a research note issued on Friday. The firm set a “buy” rating on the stock.

Separately, B. Riley set a $27.00 price objective on shares of Reading International and gave the company a “buy” rating in a research note on Friday, August 11th.

Reading International (RDIB) traded up $1.15 during midday trading on Friday, hitting $23.15. 1,400 shares of the company were exchanged, compared to its average volume of 719. Reading International has a fifty-two week low of $15.66 and a fifty-two week high of $23.15.

An institutional investor recently bought a new position in Reading International stock. Gabelli Funds LLC acquired a new stake in shares of Reading International, Inc. (NASDAQ:RDIB) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,276 shares of the company’s stock, valued at approximately $199,000.

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Reading International Company Profile

Reading International, Inc (RDI) is engaged in the development, ownership and operation of multiplex cinemas in the United States, Australia, and New Zealand, and the development, ownership and operation of retail and commercial real estate in the United States, Australia and New Zealand. RDI operates through two segments: cinema exhibition and real estate.

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