Reading International (NASDAQ:RDIB) Trading 0.4% Higher – Time to Buy?

by · The Cerbat Gem

Reading International, Inc. (NASDAQ:RDIB – Get Free Report) shares rose 0.4% on Monday . The company traded as high as $9.25 and last traded at $9.30. Approximately 487 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 20,349 shares. The stock had previously closed at $9.26.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Reading International in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Reading International presently has a consensus rating of “Sell”.

View Our Latest Analysis on Reading International

Reading International Stock Up 0.4%

The stock’s 50 day moving average is $9.56 and its 200 day moving average is $10.99.

Institutional Investors Weigh In On Reading International

A hedge fund recently bought a new stake in Reading International stock. Teton Advisors LLC bought a new stake in shares of Reading International, Inc. (NASDAQ:RDIB – Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 75,030 shares of the company’s stock, valued at approximately $838,000. 0.43% of the stock is owned by institutional investors and hedge funds.

About Reading International

(Get Free Report)

Reading International, Inc is an entertainment and real estate company, which engages in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through the Cinema Exhibition and Real Estate segments. The Cinema Exhibition segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, City Cinemas, 44 Union Square, and Liberty Theatres brands. The Real Estate segment comprises real estate development and the rental or licensing of retail, commercial and live theater assets.

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