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

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a research note published on Wednesday morning. The brokerage issued a sell rating on the stock.

Reading International Trading Up 0.6 %

Shares of RDI opened at $1.65 on Wednesday. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50 day simple moving average of $1.81 and a 200-day simple moving average of $1.88. Reading International has a 1-year low of $1.53 and a 1-year high of $3.35. The stock has a market cap of $36.89 million, a price-to-earnings ratio of -1.20 and a beta of 1.59.

Reading International (NASDAQ:RDI) last issued its quarterly earnings data on Friday, March 29th. The company reported ($0.56) earnings per share for the quarter. The business had revenue of $45.32 million for the quarter. Reading International had a negative return on equity of 70.68% and a negative net margin of 13.77%.

Institutional Trading of Reading International

An institutional investor recently raised its position in Reading International stock. Wittenberg Investment Management Inc. boosted its position in Reading International, Inc. (NASDAQ:RDI) by 1.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,455,012 shares of the company’s stock after acquiring an additional 26,824 shares during the period. Reading International comprises approximately 1.1% of Wittenberg Investment Management Inc.’s holdings, making the stock its 19th biggest holding. Wittenberg Investment Management Inc. owned 6.56% of Reading International worth $3,085,000 at the end of the most recent 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.