Reading International Inc. (RDI) Earns Buy Rating from B. Riley

B. Riley reiterated their buy rating on shares of Reading International Inc. (NASDAQ:RDI) in a report released on Thursday. B. Riley currently has a $26.00 target price on the stock.

Shares of Reading International (NASDAQ:RDI) opened at 13.56 on Thursday. The firm’s 50-day moving average price is $13.47 and its 200-day moving average price is $12.99. The firm has a market cap of $316.41 million, a price-to-earnings ratio of 35.68 and a beta of 0.61. Reading International has a 52 week low of $9.71 and a 52 week high of $17.31.

Reading International (NASDAQ:RDI) last issued its earnings results on Tuesday, August 9th. The company reported $0.13 EPS for the quarter. Reading International had a return on equity of 6.43% and a net margin of 3.46%. The firm had revenue of $66.90 million for the quarter, compared to the consensus estimate of $61 million.

In other Reading International news, insider James J. Cotter, Jr. sold 118,000 shares of the business’s stock in a transaction dated 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 owns 745,186 shares of the company’s stock, valued at $9,597,995.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James J. Cotter, Jr. sold 60,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $13.54, for a total value of $812,400.00. Following the completion of the sale, the insider now directly owns 595,186 shares of the company’s stock, valued at approximately $8,058,818.44. The disclosure for this sale can be found here. 26.75% of the stock is owned by company insiders.

About Reading International

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.

5 Day Chart for NASDAQ:RDI

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