Reading International Stock Remains Near $1 Despite Big Holiday Box Office
Reading International Class A shares rose 1 cent to $1.05 Tuesday, with 23,443 shares traded as U.S. markets reopened after Memorial Day. The company reported a first-quarter net loss of $8.1 million, up from $4.8 million a year earlier, and ended March with $5.5 million in cash against $184.6 million in debt. Plans include property sales and refinancing efforts to address liquidity.