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

Equities research analysts at StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the stock.

Reading International Stock Down 3.1 %

RDI opened at $1.25 on Friday. The stock’s 50 day moving average price is $1.44 and its 200 day moving average price is $1.51. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market cap of $28.03 million, a P/E ratio of -0.66 and a beta of 1.60. Reading International has a 12 month low of $1.22 and a 12 month high of $2.15.

Hedge Funds Weigh In On Reading International

A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC purchased a new stake in shares of Reading International, Inc. (NASDAQ:RDI) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned approximately 0.12% of Reading International as of its most recent filing with the SEC. 44.70% of the stock is 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.