Reading International (NASDAQ:RDI) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Reading International, Inc. (NASDAQ:RDI)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.51 and traded as low as $1.27. Reading International shares last traded at $1.29, with a volume of 20,771 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Reading International in a research note on Tuesday. They set a “sell” rating for the company.

Reading International Stock Performance

The stock has a market cap of $32.52 million, a PE ratio of -0.77 and a beta of 1.62. 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 business has a 50 day moving average price of $1.47 and a two-hundred day moving average price of $1.51.

Institutional Trading of Reading International

Several large investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL boosted its holdings in Reading International by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after acquiring an additional 9,500 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Reading International by 19.1% in the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after acquiring an additional 36,561 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Reading International by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after acquiring an additional 19,224 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in Reading International in the fourth quarter valued at $354,000. Finally, Krilogy Financial LLC boosted its holdings in Reading International by 11.6% in the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after acquiring an additional 246,000 shares in the last quarter. Institutional investors own 44.70% of the company’s stock.

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.