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

StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a report published on Wednesday morning. The brokerage issued a sell rating on the stock.

Reading International Stock Up 0.6 %

Shares of NASDAQ:RDI opened at $1.65 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 5.27. The business has a fifty day moving average of $1.80 and a two-hundred day moving average of $1.88. The stock has a market cap of $36.89 million, a P/E ratio of -1.20 and a beta of 1.59. Reading International has a 52-week low of $1.53 and a 52-week high of $3.35.

Reading International (NASDAQ:RDI) last issued its earnings results on Friday, March 29th. The company reported ($0.56) earnings per share (EPS) for the quarter. The company had revenue of $45.32 million during the quarter. Reading International had a negative net margin of 13.77% and a negative return on equity of 70.68%.

Institutional Trading of Reading International

An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC lifted its holdings in shares of Reading International, Inc. (NASDAQ:RDI) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,768,395 shares of the company’s stock after purchasing an additional 133,485 shares during the quarter. Krilogy Financial LLC owned about 7.97% of Reading International worth $3,749,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 44.70% of the company’s stock.

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.