Reading International (NASDAQ:RDI) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report report published on Friday morning. The brokerage issued a sell rating on the stock.

Reading International Stock Performance

NASDAQ:RDI opened at $1.30 on Friday. Reading International has a twelve month low of $1.22 and a twelve month high of $2.15. 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 stock’s 50-day simple moving average is $1.48 and its 200 day simple moving average is $1.52. The firm has a market capitalization of $29.15 million, a PE ratio of -0.69 and a beta of 1.60.

Hedge Funds Weigh In On Reading International

A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC acquired a new position in Reading International, Inc. (NASDAQ:RDI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned 0.12% of Reading International at the end of the most recent reporting period. 44.70% of the stock is currently 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.