Reading International traded at $1.31 this Wednesday July 1st, increasing $0.03 or 2.34 percent since the previous trading session. Looking back, over the last four weeks, Reading International gained 7.38 percent. Over the last 12 months, its price rose by 1.55 percent. Looking ahead, we forecast Reading International to be priced at 1.24 by the end of this quarter and at 1.17 in one year, according to Trading Economics global macro models projections and analysts expectations.
Reading International, Inc., through its various subsidiaries, is engaged in the development, ownership and operation of 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. The Company's segments include Cinema exhibition and Real estate segment. 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.