Shares of Reading International, Inc. (NASDAQ:RDIB – Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $10.90 and traded as high as $11.61. Reading International shares last traded at $11.6560, with a volume of 8,094 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings lowered Reading International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Reading International presently has a consensus rating of “Sell”.
View Our Latest Research Report on RDIB
Reading International Stock Down 0.5%
The company’s 50 day moving average price is $13.34 and its two-hundred day moving average price is $10.91.
Hedge Funds Weigh In On Reading International
An institutional investor recently bought a new position in Reading International stock. State Street Corp acquired a new position in Reading International, Inc. (NASDAQ:RDIB – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,216 shares of the company’s stock, valued at approximately $216,000. Institutional investors and hedge funds own 0.43% of the company’s stock.
About Reading International
Reading International, Inc. is an entertainment and real estate company that operates cinemas and owns, develops and manages real estate assets. Its cinema business includes multiplex theaters and specialty film venues designed to offer mainstream and independent films, premium viewing experiences, and related concessions and services. The company operates cinemas under the Reading Cinemas and Angelika Film Center brands. Its cinema operations serve customers in the United States, Australia and New Zealand, with locations offering a combination of conventional movie screens, luxury amenities and curated programming, depending on the market.
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