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

Equities researchers at StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a report issued on Thursday. The brokerage set a “sell” rating on the stock.

Separately, Macquarie upped their price objective on shares of Reading International from $2.00 to $2.40 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th.

Reading International Trading Up 8.3 %

Shares of RDI opened at $1.70 on Thursday. The business’s 50-day moving average price is $1.65 and its 200-day moving average price is $1.59. Reading International has a twelve month low of $1.22 and a twelve month high of $2.27. The stock has a market cap of $38.12 million, a PE ratio of -1.16 and a beta of 1.61. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 15.80.

Reading International (NASDAQ:RDI) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $46.81 million during the quarter. Reading International had a negative return on equity of 153.86% and a negative net margin of 19.32%.

Institutional Trading of Reading International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Krilogy Financial LLC raised its holdings 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 valued at $2,815,000 after acquiring an additional 124,326 shares in the last quarter. Wittenberg Investment Management Inc. raised its holdings in shares of Reading International by 0.7% during the first quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock valued at $2,783,000 after acquiring an additional 11,140 shares in the last quarter. Finally, Logan Stone Capital LLC bought a new position in shares of Reading International during the second quarter valued at approximately $38,000. Hedge funds and other 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.