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 to investors on Monday. The firm set a “sell” rating on the stock.

Reading International Price Performance

NASDAQ RDI opened at $1.40 on Monday. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $2.12. The stock’s 50-day moving average is $1.43 and its two-hundred day moving average is $1.51. The firm has a market cap of $31.40 million, a P/E ratio of -0.74 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.

Hedge Funds Weigh In On Reading International

An institutional investor recently bought a new position in Reading International stock. Logan Stone Capital LLC bought a new stake in shares of Reading International, Inc. (NASDAQ:RDI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned 0.12% of Reading International as of its most recent SEC filing. Institutional investors and hedge funds 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.