Reading International (NASDAQ:RDI) issued its quarterly earnings results on Wednesday. The company reported ($0.80) EPS for the quarter, beating analysts’ consensus estimates 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%.
Shares of NASDAQ RDI opened at $6.25 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.43 and a quick ratio of 0.43. Reading International has a one year low of $2.21 and a one year high of $7.64. The stock has a market capitalization of $135.93 million, a P/E ratio of -1.82 and a beta of 2.03. The firm’s 50 day simple moving average is $6.80 and its two-hundred day simple moving average is $4.92.
In other news, insider Ellen M. Cotter sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $5.64, for a total value of $67,680.00. Also, insider Ellen M. Cotter sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 17th. The stock was sold at an average price of $6.44, for a total transaction of $51,520.00. Insiders sold 120,000 shares of company stock worth $782,800 in the last 90 days. Company 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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