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

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

Reading International Stock Down 4.0 %

Shares of Reading International stock opened at $1.45 on Friday. The business has a 50-day moving average price of $1.62 and a 200 day moving average price of $1.56. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $2.15. The firm has a market cap of $32.52 million, a P/E ratio of -0.82 and a beta of 1.61. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 15.80.

Reading International (NASDAQ:RDI) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. Reading International had a negative net margin of 19.32% and a negative return on equity of 153.86%. The firm had revenue of $46.81 million during the quarter.

Institutional Investors Weigh In On Reading International

A hedge fund recently raised its stake in Reading International stock. Krilogy Financial LLC raised its stake in Reading International, Inc. (NASDAQ:RDI) by 6.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,982,288 shares of the company’s stock after buying an additional 124,326 shares during the quarter. Krilogy Financial LLC owned approximately 8.84% of Reading International worth $2,815,000 as of its most recent SEC filing. Institutional investors 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.