Reading International (NASDAQ:RDI) Announces Quarterly Earnings Results

Reading International (NASDAQ:RDI) announced its earnings results on Friday. The company reported ($0.36) EPS for the quarter, Zacks reports. The business had revenue of $45.12 million for the quarter.

Reading International Stock Performance

RDI stock traded up $0.01 during mid-day trading on Friday, hitting $1.06. 22,686 shares of the company were exchanged, compared to its average volume of 20,776. The firm has a market cap of $24.08 million, a P/E ratio of -1.71 and a beta of 0.80. The firm’s 50 day simple moving average is $1.11 and its 200 day simple moving average is $1.14. Reading International has a 1-year low of $0.94 and a 1-year high of $1.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Reading International in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Reading International currently has an average rating of “Sell”.

Reading International Company Profile

Reading International, Inc (NASDAQ: RDI) is a diversified entertainment and real estate company headquartered in Santa Monica, California. The company’s principal operating arm is Reading Cinemas, a chain of multiplex movie theaters serving audiences in Australia, New Zealand and the United States. Reading Cinemas locations feature a mix of mainstream and independent film programming, premium large-format screens, special event presentations and concession services designed to enhance the customer experience.

In addition to its exhibition business, Reading International maintains a real estate development and management division focused on retail, office and mixed-use properties.