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

Investment analysts at StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a report released on Tuesday. The firm set a “sell” rating on the stock.

Reading International Stock Up 2.1 %

Shares of RDI opened at $1.43 on Tuesday. 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 company has a 50-day moving average price of $1.42 and a two-hundred day moving average price of $1.51. The stock has a market cap of $32.07 million, a price-to-earnings ratio of -0.76 and a beta of 1.61. Reading International has a 12 month low of $1.22 and a 12 month high of $2.07.

Institutional Investors Weigh In On Reading International

Institutional investors and hedge funds have recently made changes to their positions in the company. Wittenberg Investment Management Inc. grew its holdings in shares of Reading International by 1.4% during the third 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 during the last quarter. Logan Stone Capital LLC bought a new stake in Reading International during the 2nd quarter worth about $38,000. Krilogy Financial LLC raised its stake in shares of Reading International by 11.6% in the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after acquiring an additional 246,000 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in shares of Reading International during the fourth quarter worth approximately $354,000. Institutional investors and hedge funds own 44.70% of the company’s stock.

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.