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

StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a research note published on Sunday. The firm issued a sell rating on the stock.

Reading International Stock Down 1.4 %

Shares of NASDAQ:RDI opened at $1.40 on Friday. Reading International has a 52-week low of $1.22 and a 52-week high of $2.15. The company has a market capitalization of $31.40 million, a PE ratio of -0.79 and a beta of 1.61. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.18 and a current ratio of 0.18. The company has a fifty day moving average of $1.59 and a 200-day moving average of $1.56.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. 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. raised its stake in Reading International by 1.4% during the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after buying an additional 21,483 shares during the last quarter. Finally, Krilogy Financial LLC lifted its holdings in Reading International by 6.7% in the second quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after buying an additional 124,326 shares during the period. 44.70% of the stock is owned by institutional investors.

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.