Reading International (NASDAQ:RDI) Research Coverage Started at StockNews.com

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

Reading International Stock Performance

Shares of RDI stock opened at $1.42 on Thursday. The company has a market capitalization of $31.85 million, a P/E ratio of -0.97 and a beta of 1.58. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $3.07. The company has a debt-to-equity ratio of 8.61, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a 50 day moving average price of $1.58 and a two-hundred day moving average price of $1.78.

Reading International (NASDAQ:RDI) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.59) EPS for the quarter. The firm had revenue of $45.05 million for the quarter. Reading International had a negative net margin of 14.77% and a negative return on equity of 93.46%.

Institutional Investors Weigh In On Reading International

An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC boosted its stake in Reading International, Inc. (NASDAQ:RDI) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,854,408 shares of the company’s stock after acquiring an additional 86,013 shares during the period. Krilogy Financial LLC owned 8.36% of Reading International worth $3,542,000 at the end of the most recent reporting period. 44.70% of the stock is currently owned by hedge funds and other institutional investors.

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.