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

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

Reading International Price Performance

Shares of RDI opened at $1.40 on Tuesday. 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 business’s fifty day moving average is $1.53 and its 200 day moving average is $1.54. Reading International has a 12-month low of $1.22 and a 12-month high of $2.15. The stock has a market cap of $31.40 million, a P/E ratio of -0.80 and a beta of 1.61.

Institutional Investors Weigh In On Reading International

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDI. Logan Stone Capital LLC purchased a new stake in shares of Reading International during the 2nd quarter valued at $38,000. Wittenberg Investment Management Inc. increased its holdings in 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 buying an additional 21,483 shares during the last quarter. Finally, Krilogy Financial LLC raised its position in 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 acquiring an additional 124,326 shares during the period. Hedge funds and other institutional investors own 44.70% of the company’s stock.

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.