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 report issued on Monday. The firm set a “sell” rating on the stock.

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

Reading International Trading Down 0.6 %

Shares of NASDAQ:RDI opened at $1.61 on Monday. The business’s 50-day moving average is $1.59 and its 200 day moving average is $1.62. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.18 and a quick ratio of 0.18. Reading International has a 1 year low of $1.22 and a 1 year high of $2.28. The firm has a market capitalization of $36.11 million, a P/E ratio of -1.10 and a beta of 1.61.

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

Institutional Trading of Reading International

Institutional investors and hedge funds have recently bought and sold shares of the business. Logan Stone Capital LLC acquired a new position in shares of Reading International in the 2nd quarter valued at about $38,000. Wittenberg Investment Management Inc. lifted its holdings in Reading International by 0.7% in the first quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock valued at $2,783,000 after acquiring an additional 11,140 shares during the period. Finally, Krilogy Financial LLC boosted its position in Reading International by 6.7% in the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock worth $2,815,000 after purchasing an additional 124,326 shares in the last quarter. 44.70% of the stock is currently owned by institutional investors and hedge funds.

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.