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

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

Reading International Stock Performance

Shares of RDI stock opened at $1.48 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 8.61. The firm has a fifty day simple moving average of $1.68 and a two-hundred day simple moving average of $1.82. Reading International has a 12 month low of $1.39 and a 12 month high of $3.07. The firm has a market capitalization of $33.20 million, a PE ratio of -1.01 and a beta of 1.58.

Reading International (NASDAQ:RDI) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.59) earnings per share (EPS) for the quarter. Reading International had a negative net margin of 14.77% and a negative return on equity of 93.46%. The business had revenue of $45.05 million for the quarter.

Institutional Trading of Reading International

A hedge fund recently raised its stake in Reading International stock. Wittenberg Investment Management Inc. increased its stake in Reading International, Inc. (NASDAQ:RDI) by 1.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,455,012 shares of the company’s stock after buying an additional 26,824 shares during the quarter. Reading International accounts for approximately 1.1% of Wittenberg Investment Management Inc.’s portfolio, making the stock its 19th largest holding. Wittenberg Investment Management Inc. owned 6.56% of Reading International worth $3,085,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.