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

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

Reading International Stock Up 0.7 %

Reading International stock opened at $1.45 on Tuesday. The stock’s 50 day moving average price is $1.54 and its 200 day moving average price is $1.54. The company has a market cap of $32.52 million, a PE ratio of -0.77 and a beta of 1.61. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a 1-year low of $1.22 and a 1-year high of $2.15.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Logan Stone Capital LLC acquired a new stake in shares of Reading International in the second quarter valued at approximately $38,000. Wittenberg Investment Management Inc. grew its holdings in 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 buying an additional 21,483 shares during the last quarter. Finally, Krilogy Financial LLC grew its holdings in Reading International by 6.7% during the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after buying an additional 124,326 shares during the last quarter. Hedge funds and other institutional investors 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.