Media headlines about Reading International (NASDAQ:RDI) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Reading International earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.7127541562488 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Reading International (NASDAQ:RDI) traded up 0.50% during midday trading on Wednesday, hitting $15.95. The stock had a trading volume of 79,539 shares. The stock has a market cap of $367.76 million, a PE ratio of 14.25 and a beta of 1.30. Reading International has a 52 week low of $12.54 and a 52 week high of $17.18. The stock has a 50-day moving average of $15.93 and a 200 day moving average of $15.72.
RDI has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Reading International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Reading International from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Finally, B. Riley restated a “buy” rating and issued a $26.50 target price on shares of Reading International in a research report on Wednesday, August 16th.
In other Reading International news, insider James J. Cotter, Jr. sold 9,888 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $15.62, for a total value of $154,450.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 26.75% of the stock is currently owned by company insiders.
About Reading International
Reading International, Inc (RDI) is engaged in the development, ownership and operation of multiplex cinemas in the United States, Australia, and New Zealand, and the development, ownership and operation of retail and commercial real estate in the United States, Australia and New Zealand. RDI operates through two segments: cinema exhibition and real estate.
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