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

Equities researchers at StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a research report issued on Tuesday. The brokerage set a “sell” rating on the stock.

Reading International Trading Up 4.2 %

Shares of Reading International stock opened at $1.47 on Tuesday. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. Reading International has a 52 week low of $1.22 and a 52 week high of $2.07. The stock has a 50 day moving average price of $1.42 and a two-hundred day moving average price of $1.51. The stock has a market capitalization of $32.97 million, a PE ratio of -0.78 and a beta of 1.61.

Institutional Investors Weigh In On Reading International

Several hedge funds and other institutional investors have recently made changes to their positions in RDI. Logan Stone Capital LLC bought a new position in Reading International during the 2nd quarter valued at $38,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Reading International in the fourth quarter valued at approximately $354,000. Wittenberg Investment Management Inc. increased its position in shares of Reading International by 1.4% during the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after acquiring an additional 21,483 shares during the last quarter. Finally, Krilogy Financial LLC lifted its holdings in 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 acquiring an additional 246,000 shares during the period. 44.70% of the stock is owned by institutional investors.

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.