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

Analysts at StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a research note issued on Thursday. The firm set a “sell” rating on the stock.

Reading International Trading Up 0.6 %

Shares of RDI stock opened at $1.59 on Thursday. The firm has a market cap of $35.66 million, a P/E ratio of -0.85 and a beta of 1.62. Reading International has a 1-year low of $1.22 and a 1-year high of $2.05. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. The firm’s 50-day simple moving average is $1.47 and its 200-day simple moving average is $1.53.

Institutional Trading of Reading International

Institutional investors and hedge funds have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB acquired a new stake in Reading International during the 4th quarter worth approximately $354,000. Wittenberg Investment Management Inc. increased its position in Reading International by 1.4% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after purchasing an additional 21,483 shares in the last quarter. Finally, Krilogy Financial LLC increased its position in Reading International by 11.6% during the 4th quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after purchasing an additional 246,000 shares in the last quarter. Institutional investors and hedge funds 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.