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

Research analysts at StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a research note issued on Monday. The brokerage set a “sell” rating on the stock.

Reading International Price Performance

Shares of RDI opened at $1.81 on Monday. Reading International has a 52-week low of $1.70 and a 52-week high of $3.35. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.29 and a current ratio of 0.29. The business’s 50 day moving average price is $1.85 and its two-hundred day moving average price is $1.91. The firm has a market cap of $40.47 million, a PE ratio of -1.31 and a beta of 1.59.

Institutional Investors Weigh In On Reading International

Hedge funds and other institutional investors have recently modified their holdings of the company. Wittenberg Investment Management Inc. grew its holdings in Reading International by 1.9% during the third quarter. Wittenberg Investment Management Inc. now owns 1,455,012 shares of the company’s stock worth $3,085,000 after buying an additional 26,824 shares in the last quarter. Krilogy Financial LLC grew its holdings in Reading International by 8.2% during the third quarter. Krilogy Financial LLC now owns 1,768,395 shares of the company’s stock worth $3,749,000 after buying an additional 133,485 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Reading International by 27.8% during the second quarter. Wells Fargo & Company MN now owns 158,559 shares of the company’s stock worth $420,000 after buying an additional 34,525 shares in the last quarter. BlackRock Inc. grew its holdings in Reading International by 6.2% during the second quarter. BlackRock Inc. now owns 96,902 shares of the company’s stock worth $257,000 after buying an additional 5,629 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in Reading International by 17.9% during the first quarter. Gabelli Funds LLC now owns 49,500 shares of the company’s stock worth $212,000 after buying an additional 7,500 shares in the last quarter. 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.