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

Research analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the stock.

Reading International Stock Up 2.6 %

NASDAQ RDI opened at $1.60 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04. The stock’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.53. The company has a market capitalization of $35.89 million, a price-to-earnings ratio of -0.85 and a beta of 1.60. Reading International has a 1-year low of $1.22 and a 1-year high of $2.15.

Institutional Investors Weigh In On Reading International

A number of hedge funds and other institutional investors have recently bought and sold shares of RDI. Krilogy Financial LLC increased its holdings in Reading International by 6.7% during the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after purchasing an additional 124,326 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in shares of Reading International in the 2nd quarter valued at $38,000. Finally, Wittenberg Investment Management Inc. increased its stake in shares of Reading International by 1.4% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after buying an additional 21,483 shares during the period. 44.70% of the stock is owned by institutional investors and hedge funds.

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.