Reading International (NASDAQ:RDI) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Reading International (NASDAQ:RDI – Get Rating) in a note issued to investors on Monday. The firm set a “sell” rating on the stock.

Separately, TheStreet downgraded shares of Reading International from a “c-” rating to a “d” rating in a research report on Wednesday, May 18th.

Reading International Stock Performance

Shares of RDI opened at $4.66 on Monday. The company’s 50 day moving average price is $3.72 and its 200 day moving average price is $4.03. Reading International has a 52 week low of $3.25 and a 52 week high of $5.54. The company has a market capitalization of $102.50 million, a PE ratio of -35.85 and a beta of 1.40. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.92 and a current ratio of 0.92.

Reading International (NASDAQ:RDI – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.70) EPS for the quarter. Reading International had a negative net margin of 1.52% and a negative return on equity of 34.87%. The company had revenue of $40.20 million for the quarter.

Hedge Funds Weigh In On Reading International

Several large investors have recently bought and sold shares of RDI. Atria Wealth Solutions Inc. bought a new stake in Reading International in the 1st quarter valued at $54,000. Charles Schwab Investment Management Inc. bought a new stake in Reading International in the 1st quarter valued at $71,000. Gabelli Funds LLC increased its holdings in Reading International by 17.9% in the 1st quarter. Gabelli Funds LLC now owns 49,500 shares of the company’s stock valued at $212,000 after buying an additional 7,500 shares during the period. Gamco Investors INC. ET AL increased its holdings in Reading International by 13.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 222,200 shares of the company’s stock valued at $898,000 after buying an additional 26,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Reading International by 89.7% in the 1st quarter. Vanguard Group Inc. now owns 608,778 shares of the company’s stock valued at $2,606,000 after buying an additional 287,907 shares during the period. 48.96% of the stock is currently owned by institutional investors and hedge funds.

Reading International Company Profile

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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.