Reading International (RDI) Receiving Somewhat Positive Media Coverage, Study Shows
Media headlines about Reading International (NASDAQ:RDI) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Reading International earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.0270078762289 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Reading International (NASDAQ RDI) traded up 1.25% during mid-day trading on Monday, hitting $16.21. 58,570 shares of the stock traded hands. The company has a market cap of $373.75 million, a P/E ratio of 14.49 and a beta of 1.27. Reading International has a 12 month low of $12.54 and a 12 month high of $17.18. The firm has a 50 day moving average of $15.74 and a 200 day moving average of $15.68.
RDI has been the topic of several recent research reports. B. Riley restated a “buy” rating and set a $26.50 target price on shares of Reading International in a research report on Friday, August 11th. BidaskClub upgraded shares of Reading International from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of Reading International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, TheStreet upgraded shares of Reading International from a “c+” rating to a “b” rating in a research report on Friday, June 2nd.
ILLEGAL ACTIVITY WARNING: “Reading International (RDI) Receiving Somewhat Positive Media Coverage, Study Shows” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/09/18/reading-international-rdi-receiving-somewhat-positive-media-coverage-study-shows.html.
In other Reading International news, insider James J. Cotter, Jr. sold 9,888 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $15.62, for a total value of $154,450.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James J. Cotter, Jr. sold 5,112 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $15.51, for a total transaction of $79,287.12. The disclosure for this sale can be found here. Insiders own 26.75% of the company’s stock.
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.
Receive News & Ratings for Reading International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reading International Inc and related companies with MarketBeat.com's FREE daily email newsletter.