Reading International Inc – Cla (NASDAQ:RDIB) Closed 76.1% Above Its 50 Day Moving Average

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Company shares last traded at $22.52 which is significantly higher than the 50 day moving average which is $12.79 and significantly above the 200 day moving average of $11.51. The 50 day moving average was up $9.73 whereas the 200 day moving average was up $11.01 or +95.63%. (NASDAQ:RDIB) shares saw heavy trading volume with 34 shares changing hands on Tuesday. Overall, volume was up 3,300.00% over the stocks normal daily volume.

Investors are a little more bullish on shares of the company of late as inferred by the change in short interest. The company realized a fall in short interest from September 15, 2017 to September 29, 2017 of -4.62%. Short interest decreased 33 over that period. The short-interest ratio increased to 34.0 and the percentage of shorted shares is 0.00% as of September 29.

A few notable investment firms have updated their holdings. As of quarter end Teton Advisors, Inc. had bought 600 shares growing its stake by 0.8%. The value of the investment in Reading International Inc – Cla increased from $1,204,000 to $1,392,000 a change of $188,000 quarter to quarter.

Reading International Inc – Cla’s P/E ratio is 20.13 and the market value is 519.24M.

Reading International, Inc. (RDI), launched on October 28, 1999, is involved 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. The cinema exhibition segment operates multiplex cinemas. RDI’s real estate segment includes real estate development and the rental of retail, commercial and live theater assets. The Company manages its cinema exhibition businesses around the world under various brands, including Reading Cinema, Angelika Film Centers, Consolidated Theatres and City Cinemas brands in the United States; under the Reading Cinema brand in Australia, and under the Reading Cinema and Rialto brands in New Zealand..