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

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report released on Sunday morning. The brokerage issued a sell rating on the stock.

Separately, Macquarie lifted their price objective on Reading International from $2.00 to $2.40 and gave the company a neutral rating in a report on Tuesday, July 9th.

Reading International Stock Down 3.3 %

NASDAQ RDI opened at $1.78 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 15.80. The stock’s 50 day moving average is $1.58 and its two-hundred day moving average is $1.62. The company has a market capitalization of $39.92 million, a price-to-earnings ratio of -1.21 and a beta of 1.61. Reading International has a 1-year low of $1.22 and a 1-year high of $2.33.

Reading International (NASDAQ:RDI) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $46.81 million for the quarter. Reading International had a negative net margin of 19.32% and a negative return on equity of 153.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Logan Stone Capital LLC acquired a new position in shares of Reading International in the 2nd quarter worth approximately $38,000. Wittenberg Investment Management Inc. lifted its holdings in Reading International by 0.7% during the 1st quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock worth $2,783,000 after buying an additional 11,140 shares in the last quarter. Finally, Krilogy Financial LLC lifted its holdings in Reading International by 6.7% during the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock worth $2,815,000 after buying an additional 124,326 shares in 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.