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

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a research note published on Wednesday. The brokerage issued a sell rating on the stock.

Reading International Trading Up 1.2 %

NASDAQ:RDI opened at $1.66 on Wednesday. Reading International has a one year low of $1.53 and a one year high of $3.35. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $37.11 million, a P/E ratio of -1.20 and a beta of 1.59. The firm has a 50-day simple moving average of $1.82 and a 200-day simple moving average of $1.88.

Reading International (NASDAQ:RDI) last posted its quarterly earnings results on Friday, March 29th. The company reported ($0.56) EPS for the quarter. Reading International had a negative net margin of 13.77% and a negative return on equity of 70.68%. The business had revenue of $45.32 million during the quarter.

Institutional Investors Weigh In On Reading International

An institutional investor recently raised its position in Reading International stock. Wittenberg Investment Management Inc. increased its position in shares of Reading International, Inc. (NASDAQ:RDI) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,501,598 shares of the company’s stock after acquiring an additional 46,586 shares during the quarter. Reading International comprises 1.0% of Wittenberg Investment Management Inc.’s holdings, making the stock its 22nd biggest position. Wittenberg Investment Management Inc. owned 6.77% of Reading International worth $2,868,000 at the end of the most recent reporting period. 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.