Reading International (NASDAQ:RDI) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a report published on Wednesday. The firm issued a sell rating on the stock.

Reading International Trading Down 0.6 %

RDI stock opened at $1.56 on Wednesday. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. The company’s 50-day simple moving average is $1.51 and its 200 day simple moving average is $1.53. Reading International has a 52 week low of $1.22 and a 52 week high of $2.15. The company has a market capitalization of $34.98 million, a PE ratio of -0.83 and a beta of 1.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC raised its holdings in Reading International by 6.7% in the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after buying an additional 124,326 shares during the last quarter. Wittenberg Investment Management Inc. raised its holdings in Reading International by 1.4% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after buying an additional 21,483 shares during the last quarter. Finally, Logan Stone Capital LLC bought a new position in Reading International in the 2nd quarter valued at approximately $38,000. 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.