StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a research note released on Tuesday. The brokerage issued a sell rating on the stock.
Reading International Price Performance
Reading International stock opened at $1.63 on Tuesday. Reading International has a one year low of $1.22 and a one year high of $2.07. The stock’s fifty day moving average price is $1.42 and its two-hundred day moving average price is $1.51. 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 firm has a market cap of $36.56 million, a PE ratio of -0.87 and a beta of 1.61.
Institutional Investors Weigh In On Reading International
A number of institutional investors have recently made changes to their positions in RDI. MassMutual Private Wealth & Trust FSB purchased a new stake in Reading International in the 4th quarter valued at $354,000. Krilogy Financial LLC grew its position in shares of Reading International by 11.6% during the 4th quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after acquiring an additional 246,000 shares during the period. Logan Stone Capital LLC bought a new position in Reading International during the second quarter valued at $38,000. Finally, Wittenberg Investment Management Inc. boosted its position 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 purchasing an additional 21,483 shares during the period. 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.
Recommended Stories
- Five stocks we like better than Reading International
- With Risk Tolerance, One Size Does Not Fit All
- Market Momentum: 3 Stocks Poised for Significant Breakouts
- What is MarketRank™? How to Use it
- Kinder Morgan’s Uptrend is Only Half Over: New Highs Are Coming
- Election Stocks: How Elections Affect the Stock Market
- Momentum Builders: 3 Stocks Positioned to Shine This Quarter
Receive News & Ratings for Reading International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reading International and related companies with MarketBeat.com's FREE daily email newsletter.
