Reading International (NASDAQ:RDI) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the stock.

Reading International Trading Up 1.5%

Reading International stock opened at $1.35 on Tuesday. The stock has a market cap of $30.08 million, a P/E ratio of -0.72 and a beta of 1.32. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a 1 year low of $1.17 and a 1 year high of $1.89. The firm’s 50 day moving average price is $1.31 and its 200-day moving average price is $1.41.

Reading International (NASDAQ:RDI) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.31. The firm had revenue of $58.58 million for the quarter, compared to analysts’ expectations of $53.00 million. Reading International had a negative net margin of 21.22% and a negative return on equity of 258.21%.

Institutional Investors Weigh In On Reading International

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Reading International by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after buying an additional 19,224 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Reading International by 19.1% in the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after purchasing an additional 36,561 shares in the last quarter. Krilogy Financial LLC grew its holdings 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 valued at $3,115,000 after purchasing an additional 246,000 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Reading International by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after purchasing an additional 9,500 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in shares of Reading International in the fourth quarter valued at $354,000. 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.