Reading International (NASDAQ:RDI) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a research report issued on Saturday. The firm set a “sell” rating on the stock.

Reading International Stock Down 3.1 %

RDI stock opened at $1.25 on Friday. The company has a market cap of $28.03 million, a price-to-earnings ratio of -0.66 and a beta of 1.60. The firm has a 50-day moving average of $1.45 and a two-hundred day moving average of $1.51. Reading International has a 12 month low of $1.22 and a 12 month high of $2.15. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04.

Institutional Trading of Reading International

A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC purchased a new position in shares of Reading International, Inc. (NASDAQ:RDI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned about 0.12% of Reading International at the end of the most recent reporting period. 44.70% of the stock is currently owned by institutional investors.

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.