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

Equities research analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a report issued on Wednesday. The firm set a “sell” rating on the stock.

Reading International Stock Down 2.4 %

RDI stock opened at $1.64 on Wednesday. The firm’s fifty day simple moving average is $1.83 and its 200-day simple moving average is $1.89. Reading International has a 12 month low of $1.53 and a 12 month high of $3.35. The company has a market capitalization of $36.67 million, a P/E ratio of -1.19 and a beta of 1.59. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.29 and a quick ratio of 0.29.

Institutional Trading of Reading International

An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC raised its stake in shares of Reading International, Inc. (NASDAQ:RDI) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,854,408 shares of the company’s stock after purchasing an additional 86,013 shares during the period. Krilogy Financial LLC owned 8.36% of Reading International worth $3,542,000 at the end of the most recent quarter. 44.70% of the stock is owned by institutional investors and hedge funds.

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.