Reading International (NASDAQ:RDI) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a research report sent to investors on Tuesday. The brokerage issued a sell rating on the stock.

Reading International Trading Up 4.3 %

NASDAQ:RDI opened at $1.46 on Tuesday. Reading International has a 1 year low of $1.22 and a 1 year high of $2.15. The stock has a market cap of $32.75 million, a P/E ratio of -0.78 and a beta of 1.61. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a 50-day simple moving average of $1.52 and a 200-day simple moving average of $1.54.

Institutional Trading of Reading International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDI. Logan Stone Capital LLC purchased a new position in shares of Reading International in the 2nd quarter valued at $38,000. Wittenberg Investment Management Inc. grew its holdings in shares of Reading International by 1.4% during the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after purchasing an additional 21,483 shares during the last quarter. Finally, Krilogy Financial LLC increased its position in shares of Reading International by 6.7% during the second quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock worth $2,815,000 after purchasing an additional 124,326 shares in the last quarter. Institutional investors and hedge funds 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.