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

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report report published on Wednesday. The brokerage issued a sell rating on the stock.

Reading International Stock Performance

NASDAQ:RDI opened at $1.56 on Wednesday. The company has a market cap of $34.99 million, a price-to-earnings ratio of -0.83 and a beta of 1.61. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. Reading International has a 52 week low of $1.22 and a 52 week high of $2.05. The company has a fifty day simple moving average of $1.45 and a two-hundred day simple moving average of $1.52.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RDI. MassMutual Private Wealth & Trust FSB purchased a new position in Reading International during the 4th quarter worth approximately $354,000. Wittenberg Investment Management Inc. boosted its holdings in shares of Reading International by 1.4% in the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after acquiring an additional 21,483 shares during the period. Finally, Krilogy Financial LLC grew its position in shares of Reading International by 11.6% during the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after acquiring an additional 246,000 shares during the last quarter. Hedge funds and other institutional investors own 44.70% of the company’s stock.

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.