Reading International (NASDAQ:RDI) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Reading International (NASDAQ:RDI – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the stock.

Reading International Stock Performance

Shares of RDI opened at $2.90 on Wednesday. The stock has a 50 day moving average of $3.17 and a 200 day moving average of $3.25. The company has a market capitalization of $64.33 million, a price-to-earnings ratio of -2.01 and a beta of 1.58. Reading International has a 12 month low of $2.65 and a 12 month high of $4.88. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.21.

Reading International (NASDAQ:RDI – Get Rating) last announced its earnings results on Monday, April 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.26). The business had revenue of $47.20 million for the quarter. Reading International had a negative net margin of 15.31% and a negative return on equity of 45.76%.

Hedge Funds Weigh In On Reading International

Several institutional investors have recently bought and sold shares of RDI. Atria Wealth Solutions Inc. bought a new stake in shares of Reading International in the first quarter valued at approximately $54,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Reading International during the first quarter worth $71,000. Tower Research Capital LLC TRC boosted its holdings in shares of Reading International by 236.5% in the third quarter. Tower Research Capital LLC TRC now owns 17,005 shares of the company’s stock worth $56,000 after acquiring an additional 11,951 shares during the period. Marquette Asset Management LLC grew its position in shares of Reading International by 58.3% in the fourth quarter. Marquette Asset Management LLC now owns 40,348 shares of the company’s stock valued at $112,000 after purchasing an additional 14,859 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Reading International by 17.9% during the 1st quarter. Gabelli Funds LLC now owns 49,500 shares of the company’s stock valued at $212,000 after purchasing an additional 7,500 shares during the period. Hedge funds and other institutional investors own 50.98% of the company’s stock.

Reading International Company Profile

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Reading International, Inc is an entertainment and real estate company, which engages in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through the Cinema Exhibition and Real Estate segments.