Reading International (NASDAQ:RDIB) Trading Down 5.5% – Here’s Why

Reading International, Inc. (NASDAQ:RDIB) shares traded down 5.5% on Tuesday . The company traded as low as $8.51 and last traded at $8.04. 239 shares changed hands during trading, a decline of 99% from the average daily volume of 19,271 shares. The stock had previously closed at $8.51.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Reading International in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Reading International Price Performance

The firm has a 50 day moving average of $8.99 and a 200-day moving average of $10.33.

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.