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

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

Reading International Stock Down 4.4 %

Shares of RDI opened at $1.31 on Thursday. The stock has a market capitalization of $29.38 million, a price-to-earnings ratio of -0.70 and a beta of 1.62. The business’s 50 day simple moving average is $1.46 and its 200-day simple moving average is $1.48. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a 1 year low of $1.22 and a 1 year high of $1.90.

Reading International (NASDAQ:RDI) last posted its quarterly earnings data on Monday, March 31st. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.31. Reading International had a negative net margin of 21.22% and a negative return on equity of 258.21%. The company had revenue of $58.58 million for the quarter, compared to analyst estimates of $53.00 million.

Institutional Trading of Reading International

Institutional investors and hedge funds have recently bought and sold shares of the business. 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 valued at $278,000 after purchasing an additional 19,224 shares during the period. Wells Fargo & Company MN increased its position in Reading International by 19.1% during the fourth 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 during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Reading International during the 4th quarter worth approximately $354,000. Gamco Investors INC. ET AL increased its stake in Reading International by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock worth $359,000 after acquiring an additional 9,500 shares during the last quarter. Finally, Krilogy Financial LLC increased its position in shares of 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 purchasing an additional 246,000 shares during the last quarter. 44.70% of the stock is currently 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.