StockNews.com Begins Coverage on Reading International (NASDAQ:RDI)

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

Reading International Stock Up 2.0 %

RDI opened at $1.54 on Thursday. The business’s fifty day simple moving average is $1.50 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 quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. The stock has a market cap of $34.54 million, a PE ratio of -0.82 and a beta of 1.60.

Hedge Funds Weigh In On Reading International

Several institutional investors and hedge funds have recently bought and sold shares of RDI. Logan Stone Capital LLC bought a new stake in Reading International in the 2nd quarter worth $38,000. Wittenberg Investment Management Inc. boosted its holdings in shares of Reading International by 1.4% during the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after purchasing an additional 21,483 shares during the period. Finally, Krilogy Financial LLC grew its stake in shares of Reading International by 6.7% in the second quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock worth $2,815,000 after purchasing an additional 124,326 shares during the last quarter. 44.70% of the stock is currently owned by institutional investors.

Reading International Company Profile

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.