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

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

Reading International Trading Down 1.6 %

Shares of RDI stock opened at $1.25 on Monday. The stock has a market cap of $28.04 million, a price-to-earnings ratio of -0.66 and a beta of 1.61. The stock has a 50-day moving average of $1.55 and a 200-day moving average of $1.55. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04. Reading International has a 1-year low of $1.22 and a 1-year high of $2.15.

Institutional Investors Weigh In On Reading International

Hedge funds have recently added to or reduced their stakes in the company. Krilogy Financial LLC lifted its holdings in shares of Reading International by 6.7% in the second quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after purchasing an additional 124,326 shares in the last quarter. Wittenberg Investment Management Inc. lifted its holdings in shares of Reading International by 1.4% in the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after purchasing an additional 21,483 shares in the last quarter. Finally, Logan Stone Capital LLC bought a new position in shares of Reading International in the second quarter valued at approximately $38,000. Institutional investors and hedge funds 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.