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

Analysts at StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a report issued on Tuesday. The firm set a “sell” rating on the stock.

Reading International Stock Up 0.7 %

Shares of RDI opened at $1.45 on Tuesday. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $2.15. The company’s fifty day moving average is $1.54 and its two-hundred day moving average is $1.54. The firm has a market cap of $32.52 million, a PE ratio of -0.77 and a beta of 1.61. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04.

Hedge Funds Weigh In On Reading International

Hedge funds and other institutional investors have recently modified their holdings of the company. Krilogy Financial LLC increased its holdings in Reading International by 6.7% in the 2nd 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. Logan Stone Capital LLC purchased a new stake in shares of Reading International in the second quarter worth about $38,000. Finally, Wittenberg Investment Management Inc. grew its stake 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 buying an additional 21,483 shares in the last quarter. 44.70% of the stock is owned by institutional investors and hedge funds.

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.