Today: Reading International Inc. (RDI) Rating Reiterated by B. Riley

Today: Reading International Inc. (RDI) Rating Reiterated by B. Riley

Reading International Inc. (NASDAQ:RDI)‘s stock had its “buy” rating restated by stock analysts at B. Riley in a report issued on Thursday. They currently have a $26.00 price target on the stock. B. Riley’s price target would suggest a potential upside of 92.59% from the stock’s previous close.

Reading International (NASDAQ:RDI) opened at 13.50 on Thursday. The firm has a market cap of $315.01 million, a PE ratio of 35.53 and a beta of 0.61. The stock has a 50 day moving average of $13.46 and a 200 day moving average of $12.96. Reading International has a 52 week low of $9.71 and a 52 week high of $17.31.

Reading International (NASDAQ:RDI) last issued its earnings results on Tuesday, August 9th. The company reported $0.13 EPS for the quarter. Reading International had a net margin of 3.46% and a return on equity of 6.43%. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $61 million.

In related news, insider James J. Cotter, Jr. sold 118,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $12.88, for a total transaction of $1,519,840.00. Following the transaction, the insider now owns 745,186 shares in the company, valued at approximately $9,597,995.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James J. Cotter, Jr. sold 32,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $12.96, for a total transaction of $414,720.00. Following the transaction, the insider now owns 627,186 shares in the company, valued at approximately $8,128,330.56. The disclosure for this sale can be found here. 26.75% of the stock is currently owned by insiders.

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