Reading International (NASDAQ:RDI) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the stock.

Reading International Price Performance

Shares of NASDAQ:RDI opened at $1.33 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 8.61. The stock has a market cap of $29.83 million, a PE ratio of -0.90 and a beta of 1.58. The stock’s fifty day simple moving average is $1.64 and its two-hundred day simple moving average is $1.80. Reading International has a 1-year low of $1.22 and a 1-year high of $3.07.

Reading International (NASDAQ:RDI) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.59) earnings per share for the quarter. Reading International had a negative net margin of 14.77% and a negative return on equity of 93.46%. The firm had revenue of $45.05 million for the quarter.

Institutional Investors Weigh In On Reading International

An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC boosted its position in Reading International, Inc. (NASDAQ:RDI) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,854,408 shares of the company’s stock after purchasing an additional 86,013 shares during the period. Krilogy Financial LLC owned about 8.36% of Reading International worth $3,542,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 44.70% of the company’s stock.

About Reading International

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.