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

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

Reading International Stock Down 1.4 %

Shares of NASDAQ:RDI opened at $1.38 on Wednesday. Reading International has a 1 year low of $1.22 and a 1 year high of $1.92. 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 business’s 50-day moving average is $1.47 and its 200-day moving average is $1.49. The company has a market capitalization of $30.95 million, a price-to-earnings ratio of -0.73 and a beta of 1.62.

Institutional Trading of Reading International

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Reading International by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after purchasing an additional 19,224 shares during the period. Wells Fargo & Company MN boosted its position in shares of Reading International by 19.1% during the 4th quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after purchasing an additional 36,561 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in Reading International in the 4th quarter valued at about $354,000. Gamco Investors INC. ET AL raised its stake in Reading International by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock worth $359,000 after buying an additional 9,500 shares during the period. Finally, Krilogy Financial LLC raised its stake in Reading International by 11.6% during the 4th quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after buying an additional 246,000 shares during the period. 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.