Reading International (NASDAQ:RDI) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a report released on Saturday. The firm set a “sell” rating on the stock.

Reading International Stock Performance

Shares of RDI opened at $1.40 on Friday. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. Reading International has a twelve month low of $1.22 and a twelve month high of $1.97. The firm’s 50 day moving average price is $1.47 and its two-hundred day moving average price is $1.54. The firm has a market cap of $31.40 million, a P/E ratio of -0.74 and a beta of 1.62.

Institutional Trading of Reading International

A number of institutional investors have recently made changes to their positions in RDI. Wittenberg Investment Management Inc. increased its holdings in 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 buying an additional 21,483 shares during the last quarter. Krilogy Financial LLC increased its holdings in Reading International by 11.6% during the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after buying an additional 246,000 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Reading International during the fourth quarter worth $354,000. Geode Capital Management LLC increased its holdings in Reading International by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after buying an additional 19,224 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Reading International by 19.1% during the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after buying an additional 36,561 shares during the last quarter. Institutional investors 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.