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

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a research report report published on Thursday morning. The brokerage issued a sell rating on the stock.

Reading International Price Performance

Shares of NASDAQ:RDI opened at $1.58 on Thursday. The company has a market cap of $35.43 million, a price-to-earnings ratio of -0.84 and a beta of 1.62. The business has a 50 day moving average price of $1.47 and a 200 day moving average price of $1.53. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. Reading International has a twelve month low of $1.22 and a twelve month high of $2.05.

Hedge Funds Weigh In On Reading International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB bought a new stake in Reading International in the 4th quarter valued at $354,000. Krilogy Financial LLC boosted 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 in the last quarter. Finally, Wittenberg Investment Management Inc. boosted its position in shares of Reading International by 1.4% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after acquiring an additional 21,483 shares in the last quarter. 44.70% of the stock is currently owned by institutional investors.

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.