Reading International, Inc. (NASDAQ:RDI) Director Sells $14,300.00 in Stock

Reading International, Inc. (NASDAQ:RDIGet Free Report) Director Douglas James Mceachern sold 10,000 shares of Reading International stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1.43, for a total value of $14,300.00. Following the transaction, the director now directly owns 81,448 shares of the company’s stock, valued at approximately $116,470.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Reading International Price Performance

RDI opened at $1.50 on Friday. Reading International, Inc. has a one year low of $1.39 and a one year high of $3.10. The company has a fifty day moving average price of $1.69 and a 200-day moving average price of $1.82. The company has a debt-to-equity ratio of 8.61, a quick ratio of 0.17 and a current ratio of 0.17.

Reading International (NASDAQ:RDIGet Free Report) last posted its earnings results on Wednesday, May 15th. The company reported ($0.59) EPS for the quarter. Reading International had a negative return on equity of 93.46% and a negative net margin of 14.77%. The business had revenue of $45.05 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Reading International in a research report on Monday, June 3rd. They issued a “sell” rating for the company.

Get Our Latest Stock Analysis on RDI

Institutional Inflows and Outflows

An institutional investor recently raised its position in Reading International stock. Wittenberg Investment Management Inc. grew its stake in Reading International, Inc. (NASDAQ:RDIFree Report) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512,738 shares of the company’s stock after buying an additional 11,140 shares during the period. Reading International makes up about 0.9% of Wittenberg Investment Management Inc.’s holdings, making the stock its 20th biggest holding. Wittenberg Investment Management Inc. owned 6.77% of Reading International worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 44.70% of the company’s stock.

About Reading International

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Reading International, Inc, together with its subsidiaries, focuses on 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, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

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