StockNews.com Begins Coverage on Reading International (NASDAQ:RDI)

Analysts at StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a report issued on Tuesday. The brokerage set a “sell” rating on the stock.

Reading International Price Performance

RDI opened at $1.43 on Tuesday. Reading International has a 12-month low of $1.22 and a 12-month high of $2.07. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. The firm has a market capitalization of $32.07 million, a P/E ratio of -0.76 and a beta of 1.61. The stock has a fifty day moving average of $1.42 and a 200-day moving average of $1.51.

Institutional Trading of Reading International

Several large investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Reading International in the fourth quarter worth $354,000. Krilogy Financial LLC increased its holdings in shares of Reading International by 11.6% during the 4th quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after purchasing an additional 246,000 shares during the period. Wittenberg Investment Management Inc. raised its position in shares of Reading International by 1.4% during the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after buying an additional 21,483 shares during the last quarter. Finally, Logan Stone Capital LLC bought a new stake in shares of Reading International in the second quarter valued at about $38,000. 44.70% of the stock is owned by 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.