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

Equities researchers at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report issued on Sunday. The brokerage set a “sell” rating on the stock.

Reading International Stock Performance

NASDAQ RDI opened at $1.40 on Friday. 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 stock’s 50 day simple moving average is $1.43 and its 200-day simple moving average is $1.51. The company has a market cap of $31.40 million, a PE ratio of -0.74 and a beta of 1.61. Reading International has a 1-year low of $1.22 and a 1-year high of $2.12.

Hedge Funds Weigh In On Reading International

An institutional investor recently bought a new position in Reading International stock. Logan Stone Capital LLC acquired a new position in shares of Reading International, Inc. (NASDAQ:RDI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned approximately 0.12% of Reading International as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.