Reading International (NASDAQ:RDI) Announces Quarterly Earnings Results

Reading International (NASDAQ:RDI) posted its quarterly earnings results on Monday. The company reported ($0.10) earnings per share for the quarter, Zacks reports. Reading International had a negative net margin of 21.22% and a negative return on equity of 258.21%.

Reading International Stock Performance

RDI stock traded up $0.04 during midday trading on Monday, hitting $1.38. The company’s stock had a trading volume of 42,774 shares, compared to its average volume of 38,656. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. The stock has a market cap of $30.95 million, a price-to-earnings ratio of -0.73 and a beta of 1.62. Reading International has a 1 year low of $1.22 and a 1 year high of $1.90. The stock’s 50-day moving average price is $1.47 and its 200 day moving average price is $1.49.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Reading International in a research note on Wednesday, March 26th. They issued a “sell” rating for the company.

Reading International Company Profile

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.