It is trading at $22.00 quite a bit higher than $12.79, the stock’s 50 day moving average and which is significantly higher than the 200 day moving average of $11.51. The 50 day moving average was up $9.21 or +71.97% whereas the 200 day moving average was up $10.49 or +91.11%. (NASDAQ:RDIB) shares saw light trading volume with 0 shares changing hands by the end of trading on Tuesday. Volume was down 100.00% under the stocks average daily volume.
Traders are feeling more bullish on Reading International Inc – Cla of late if you take a look at the fall in short interest. The stock saw a fall in short interest between September 29, 2017 and October 13, 2017 of 0.00%. Short interest decreased from 681 to 681 over that timeframe. The short-interest ratio decreased to 0.0 and the short interest percentage is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Teton Advisors, Inc. had bought 600 shares growing its position 0.8%. The value in dollars increased from $1,204,000 to $1,392,000 a change of 15.6% since the last quarter.
The P/E ratio is currently 19.66 and market capitalization is 507.25M.
Reading International, Inc. (RDI), launched on October 28, 1999, is involved 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. The cinema exhibition segment operates multiplex cinemas. RDI’s real estate segment includes real estate development and the rental of retail, commercial and live theater assets. The Company manages its cinema exhibition businesses around the world under various brands, including Reading Cinema, Angelika Film Centers, Consolidated Theatres and City Cinemas brands in the United States; under the Reading Cinema brand in Australia, and under the Reading Cinema and Rialto brands in New Zealand..