Reading International, Inc., together with its subsidiaries, focuses on 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. This segment operates its cinema exhibition businesses under the Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas brands. The Real Estate segment develops, rents, or licenses retail, commercial, and live theater assets. As of December 31, 2020, the company had interests in 63 cinemas comprising approximately 515 screens; fee interests in two live theaters; fee interest in 44 Union Square property; fee interest in one cinema in Manhattan; fee interests in two cinemas in Australia and three cinemas in New Zealand; fee interest in entertainment-themed centers; fee interest in 2 office buildings; and fee ownership of approximately 8.9 million square feet of developed and undeveloped real estate assets. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on RDI shares. TheStreet lowered shares of Reading International from a "c-" rating to a "d" rating in a research report on Wednesday, May 18th. StockNews.com initiated coverage on shares of Reading International in a report on Wednesday. They issued a "sell" rating for the company.
Reading International Trading Down 0.7 %
Reading International stock opened at $4.55 on Friday. The firm has a 50 day moving average of $4.00 and a 200 day moving average of $4.06. The firm has a market capitalization of $100.08 million, a price-to-earnings ratio of -3.64 and a beta of 1.51. Reading International has a 12-month low of $3.25 and a 12-month high of $5.41. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.00.