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

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

Reading International Stock Performance

NASDAQ:RDI opened at $1.30 on Friday. The stock’s 50-day moving average is $1.48 and its 200-day moving average is $1.52. Reading International has a 1-year low of $1.22 and a 1-year high of $2.15. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04. The stock has a market cap of $29.15 million, a P/E ratio of -0.69 and a beta of 1.60.

Hedge Funds Weigh In On Reading International

A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC bought a new position in shares of Reading International, Inc. (NASDAQ:RDI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned about 0.12% of Reading International as of its most recent SEC filing. 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.