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

Research analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the stock.

Reading International Trading Up 2.7 %

Reading International stock opened at $1.54 on Thursday. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a one year low of $1.22 and a one year high of $2.15. The stock has a market capitalization of $34.54 million, a PE ratio of -0.82 and a beta of 1.60. The business’s fifty day moving average is $1.50 and its 200 day moving average is $1.53.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Logan Stone Capital LLC bought a new stake in Reading International during the 2nd quarter valued at approximately $38,000. Wittenberg Investment Management Inc. raised its stake in Reading International by 1.4% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after purchasing an additional 21,483 shares during the period. Finally, Krilogy Financial LLC raised its stake in Reading International by 6.7% during the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after purchasing an additional 124,326 shares during the period. 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.