Reading International (NASDAQ:RDIB) Trading Up 3.3% – Time to Buy?

Shares of Reading International, Inc. (NASDAQ:RDIB) rose 3.3% during mid-day trading on Tuesday . The stock traded as high as $8.51 and last traded at $8.79. 239 shares were traded during mid-day trading, a decline of 99% from the average session volume of 19,271 shares. The stock had previously closed at $8.51.

Analyst Upgrades and Downgrades

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

Reading International Stock Up 3.3%

The company has a fifty day moving average of $9.26 and a two-hundred day moving average of $10.65.

Hedge Funds Weigh In On Reading International

A hedge fund recently bought a new stake in Reading International stock. Teton Advisors LLC acquired a new position in Reading International, Inc. (NASDAQ:RDIB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 75,030 shares of the company’s stock, valued at approximately $838,000. 0.43% of the stock is currently owned by hedge funds and other institutional investors.

About Reading International

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.