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

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the stock.

Reading International Price Performance

Shares of Reading International stock opened at $1.53 on Friday. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $34.32 million, a P/E ratio of -0.81 and a beta of 1.62. The business has a 50-day moving average of $1.47 and a two-hundred day moving average of $1.53. Reading International has a 1 year low of $1.22 and a 1 year high of $2.05.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Reading International by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after purchasing an additional 19,224 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Reading International by 19.1% in the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after buying an additional 36,561 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Reading International in the fourth quarter valued at approximately $354,000. Gamco Investors INC. ET AL lifted its position in shares of Reading International by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after buying an additional 9,500 shares during the last quarter. Finally, Wittenberg Investment Management Inc. lifted its position in shares of Reading International by 1.4% in the third 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. 44.70% of the stock is owned by institutional investors and hedge funds.

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.