B. Riley reiterated their buy rating on shares of Reading International Inc. (NASDAQ:RDI) in a research report sent to investors on Thursday. They currently have a $26.00 price objective on the stock.

Shares of Reading International (NASDAQ:RDI) traded up 0.22% during mid-day trading on Thursday, hitting $13.51. 3,557 shares of the stock traded hands. The company’s 50 day moving average is $13.46 and its 200 day moving average is $12.95. Reading International has a one year low of $9.71 and a one year high of $17.31. The firm has a market capitalization of $315.24 million, a P/E ratio of 35.55 and a beta of 0.61.

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

In other Reading International news, insider James J. Cotter, Jr. sold 60,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $13.54, for a total value of $812,400.00. Following the transaction, the insider now directly owns 595,186 shares of the company’s stock, valued at approximately $8,058,818.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James J. Cotter, Jr. sold 32,000 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $12.96, for a total transaction of $414,720.00. Following the completion of the transaction, the insider now directly owns 627,186 shares in the company, valued at $8,128,330.56. The disclosure for this sale can be found here. Corporate insiders own 26.75% of the company’s stock.

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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