Reading International (NASDAQ:RDI) announced its quarterly earnings results on Wednesday. The company reported ($0.80) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.01, MarketWatch Earnings reports. Reading International had a negative net margin of 57.16% and a negative return on equity of 42.01%.
RDI traded up $0.70 during trading on Friday, reaching $6.25. 170,601 shares of the stock traded hands, compared to its average volume of 87,618. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $135.93 million, a PE ratio of -1.82 and a beta of 2.03. The stock’s 50-day moving average is $6.80 and its 200 day moving average is $4.92. Reading International has a 12 month low of $2.21 and a 12 month high of $7.64.
In other news, EVP Margaret Cotter sold 4,000 shares of the stock in a transaction dated Monday, January 25th. The shares were sold at an average price of $7.42, for a total transaction of $29,680.00. Following the transaction, the executive vice president now owns 753,879 shares of the company’s stock, valued at approximately $5,593,782.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ellen M. Cotter sold 12,000 shares of the stock in a transaction dated Wednesday, February 3rd. The stock was sold at an average price of $5.70, for a total transaction of $68,400.00. Insiders have sold 120,000 shares of company stock worth $782,800 in the last ninety days. Insiders own 25.66% of the company’s stock.
Reading International, Inc, together with its subsidiaries, engages in 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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