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

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

Reading International Stock Performance

Shares of RDI stock opened at $1.29 on Tuesday. The company has a market capitalization of $28.93 million, a P/E ratio of -0.69 and a beta of 1.62. Reading International has a 12-month low of $1.22 and a 12-month high of $1.95. The business’s 50 day moving average is $1.47 and its two-hundred day moving average is $1.51. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04.

Institutional Trading of Reading International

Institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL lifted its position in shares of Reading International by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after acquiring an additional 9,500 shares in the last quarter. Geode Capital Management LLC raised its stake in Reading International by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after purchasing an additional 19,224 shares during the last quarter. Wittenberg Investment Management Inc. lifted its holdings in Reading International by 1.4% in the 3rd 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. Wells Fargo & Company MN boosted its stake in Reading International by 19.1% during the 4th quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after purchasing an additional 36,561 shares during the last quarter. Finally, Krilogy Financial LLC grew its holdings in shares of Reading International by 11.6% during the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after buying an additional 246,000 shares in the last quarter. Institutional investors and hedge funds 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.