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

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a research note issued to investors on Monday morning. The firm issued a sell rating on the stock.

Separately, Macquarie upped their target price on Reading International from $2.00 to $2.40 and gave the stock a neutral rating in a research report on Tuesday, July 9th.

Reading International Price Performance

RDI opened at $1.62 on Monday. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $2.28. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 15.80. The firm has a market cap of $36.33 million, a price-to-earnings ratio of -1.10 and a beta of 1.61. The company’s 50-day moving average price is $1.59 and its 200 day moving average price is $1.62.

Reading International (NASDAQ:RDI) last released its earnings results on Wednesday, August 14th. The company reported ($0.42) EPS for the quarter. The business had revenue of $46.81 million for the quarter. Reading International had a negative net margin of 19.32% and a negative return on equity of 153.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 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 acquiring an additional 124,326 shares in the last quarter. Wittenberg Investment Management Inc. raised its holdings in shares of Reading International by 3.2% during the 4th quarter. Wittenberg Investment Management Inc. now owns 1,501,598 shares of the company’s stock worth $2,868,000 after buying an additional 46,586 shares in the last quarter. Finally, Logan Stone Capital LLC bought a new stake in Reading International during the 2nd quarter worth $38,000. 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.