Press coverage about Reading International, Inc. Class A (NASDAQ:RDI) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Reading International, Inc. Class A earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.1118553460097 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s analysis:
- Reading International, Inc. Class A (RDI) Earns Buy Rating from B. Riley (americanbankingnews.com)
- Reading International, Inc. Class A (RDI) Receives Average Recommendation of “Strong Buy” from Analysts (americanbankingnews.com)
- Sunday’s Schedule: John McCain Will Be Laid to Rest in Annapolis, Maryland (phoenixnewtimes.com)
- Under 30: Must-know professionals from the Canadian cannabis industry (theprovince.com)
- ExD’s Vision is to Provide World Class ERP Services from Pakistan: Sajjad Syed (propakistani.pk)
Several analysts recently issued reports on RDI shares. BidaskClub raised Reading International, Inc. Class A from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 30th. Zacks Investment Research raised Reading International, Inc. Class A from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Saturday, August 18th. Finally, B. Riley reissued a “buy” rating on shares of Reading International, Inc. Class A in a research note on Tuesday.
Shares of NASDAQ RDI traded down $0.16 during trading hours on Wednesday, hitting $15.93. The company’s stock had a trading volume of 105 shares, compared to its average volume of 34,760. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $370.12 million, a PE ratio of 12.25 and a beta of 1.36. Reading International, Inc. Class A has a 12 month low of $14.37 and a 12 month high of $17.50.
Reading International, Inc. Class A (NASDAQ:RDI) last posted its earnings results on Thursday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The company had revenue of $84.22 million for the quarter, compared to analysts’ expectations of $88.40 million. Reading International, Inc. Class A had a return on equity of 6.76% and a net margin of 5.70%. equities research analysts anticipate that Reading International, Inc. Class A will post 0.49 earnings per share for the current year.
In other Reading International, Inc. Class A news, insider James J. Cotter, Jr. sold 9,400 shares of Reading International, Inc. Class A stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $16.18, for a total transaction of $152,092.00. Following the sale, the insider now directly owns 298,587 shares of the company’s stock, valued at approximately $4,831,137.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 25.57% of the company’s stock.
Reading International, Inc. Class A Company Profile
Reading International, Inc engages in the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Theatrical Motion Picture Exhibition (Cinema Exhibition) and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.
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