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

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

Analyst Ratings Changes

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

Reading International Trading Down 5.5%

The business has a fifty day moving average price of $8.99 and a 200-day moving average price of $10.33.

Reading International Company Profile

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.