Reading International (NASDAQ:RDI) Receives New Coverage from Analysts at StockNews.com

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

Separately, Macquarie boosted 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 Stock Performance

NASDAQ:RDI opened at $1.45 on Friday. Reading International has a 12 month low of $1.22 and a 12 month high of $2.15. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market capitalization of $32.52 million, a PE ratio of -0.82 and a beta of 1.61. The business’s fifty day moving average price is $1.66 and its 200 day moving average price is $1.58.

Reading International (NASDAQ:RDI) last issued its earnings results on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. The business had revenue of $46.81 million for 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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Logan Stone Capital LLC acquired a new position in shares of Reading International in the 2nd quarter valued at $38,000. Wittenberg Investment Management Inc. boosted its stake in Reading International by 0.7% during the 1st quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock worth $2,783,000 after purchasing an additional 11,140 shares during the period. Finally, Krilogy Financial LLC grew its position in Reading International by 6.7% during the 2nd 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 during the last quarter. 44.70% of the stock is owned by hedge funds and other institutional investors.

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.