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

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

Reading International Stock Down 3.1 %

Shares of RDI stock opened at $1.25 on Friday. Reading International has a twelve month low of $1.22 and a twelve month high of $2.15. The stock has a market cap of $28.03 million, a P/E ratio of -0.66 and a beta of 1.60. The stock has a 50 day moving average of $1.45 and a 200 day moving average of $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

A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC purchased a new position in Reading International, Inc. (NASDAQ:RDI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned about 0.12% of Reading International at the end of the most recent reporting period. Hedge funds and other 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.