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

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

Reading International Stock Performance

Shares of RDI opened at $1.34 on Friday. The company has a 50-day moving average of $1.49 and a two-hundred day moving average of $1.52. The stock has a market cap of $30.05 million, a price-to-earnings ratio of -0.71 and a beta of 1.60. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a one year low of $1.22 and a one year high of $2.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reading International stock. Logan Stone Capital LLC purchased a new position in shares of Reading International, Inc. (NASDAQ:RDI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned 0.12% of Reading International as of its most recent filing with the Securities and Exchange Commission (SEC). 44.70% of the stock is currently owned by institutional investors and hedge funds.

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.