Reading International (NASDAQ:RDI) Announces Earnings Results

Reading International (NASDAQ:RDI) announced its quarterly earnings data on Friday. The company reported ($0.18) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $52.17 million for the quarter.

Reading International Price Performance

Shares of NASDAQ RDI traded down $0.06 during midday trading on Friday, reaching $1.27. 50,616 shares of the stock were exchanged, compared to its average volume of 47,485. The business has a 50-day simple moving average of $1.45 and a two-hundred day simple moving average of $1.40. The company has a market capitalization of $28.85 million, a price-to-earnings ratio of -1.72 and a beta of 1.29. Reading International has a 12 month low of $1.17 and a 12 month high of $1.87.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reading International in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Reading International currently has a consensus rating of “Sell”.

Reading International Company Profile

Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.