Positive News Coverage Somewhat Unlikely to Affect Reading International (RDI) Stock Price

Headlines about Reading International (NASDAQ:RDI) have trended positive recently, according to Accern Sentiment. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Reading International earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.1880721351423 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Reading International (RDI) opened at $16.86 on Wednesday. The stock has a market capitalization of $387.77, a PE ratio of 16.37 and a beta of 1.26. Reading International has a 52-week low of $14.37 and a 52-week high of $17.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.55 and a quick ratio of 1.55.

RDI has been the subject of several research reports. Zacks Investment Research downgraded Reading International from a “hold” rating to a “sell” rating in a report on Friday, November 17th. Gabelli initiated coverage on Reading International in a report on Friday, December 1st. They issued a “buy” rating for the company. Finally, BidaskClub downgraded Reading International from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Reading International currently has a consensus rating of “Hold” and an average target price of $26.50.

In related news, insider James J. Cotter, Jr. sold 50,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $15.98, for a total value of $799,000.00. Following the transaction, the insider now owns 373,604 shares in the company, valued at approximately $5,970,191.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 25.57% of the company’s stock.

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Reading International Company Profile

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.

Insider Buying and Selling by Quarter for Reading International (NASDAQ:RDI)

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