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

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a report published on Sunday morning. The brokerage issued a sell rating on the stock.

Reading International Stock Up 5.1 %

Shares of Reading International stock opened at $1.45 on Friday. Reading International has a one year low of $1.22 and a one year high of $2.12. The company has a market cap of $32.52 million, a P/E ratio of -0.77 and a beta of 1.61. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a fifty day moving average of $1.43 and a two-hundred day moving average of $1.51.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC bought a new stake in Reading International, Inc. (NASDAQ:RDI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter. Institutional investors and hedge funds 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.