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

StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a research report sent to investors on Tuesday. The firm issued a sell rating on the stock.

Reading International Stock Performance

Shares of RDI opened at $1.51 on Tuesday. Reading International has a 12 month low of $1.22 and a 12 month high of $2.15. The stock has a fifty day moving average price of $1.51 and a 200-day moving average price of $1.54. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04. The firm has a market cap of $33.87 million, a PE ratio of -0.78 and a beta of 1.61.

Institutional Trading of Reading International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Krilogy Financial LLC increased its position in shares of Reading International by 6.7% in the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after acquiring an additional 124,326 shares during the period. Logan Stone Capital LLC acquired a new position in shares of Reading International in the 2nd quarter valued at $38,000. Finally, Wittenberg Investment Management Inc. increased its position in shares of Reading International by 1.4% in the 3rd 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. 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.