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

Equities research analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the stock.

Reading International Stock Performance

NASDAQ:RDI opened at $1.42 on Friday. The company has a market cap of $31.85 million, a P/E ratio of -0.80 and a beta of 1.61. Reading International has a twelve month low of $1.22 and a twelve month high of $2.15. The company’s 50-day moving average price is $1.61 and its 200-day moving average price is $1.56. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 15.80.

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

Hedge Funds Weigh In On Reading International

An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC increased its holdings in shares of Reading International, Inc. (NASDAQ:RDI) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,982,288 shares of the company’s stock after purchasing an additional 124,326 shares during the quarter. Krilogy Financial LLC owned 8.84% of Reading International worth $2,815,000 at the end of the most recent reporting period. 44.70% of the stock is 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.