Reading International (NASDAQ:RDI) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a report released on Saturday. The brokerage issued a sell rating on the stock.

Reading International Trading Down 3.1 %

Reading International stock opened at $1.25 on Friday. The company has a market cap of $28.03 million, a price-to-earnings ratio of -0.66 and a beta of 1.60. The firm has a 50-day moving average of $1.44 and a 200-day moving average of $1.51. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a one year low of $1.22 and a one year high of $2.15.

Institutional Trading of Reading International

An institutional investor recently bought a new position in Reading International stock. Logan Stone Capital LLC purchased a new stake in Reading International, Inc. (NASDAQ:RDI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned 0.12% of Reading International at the end of the most recent reporting period. 44.70% of the stock is currently owned by institutional investors.

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.