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

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

Reading International Stock Up 4.2 %

Reading International stock opened at $1.47 on Tuesday. Reading International has a twelve month low of $1.22 and a twelve month high of $2.07. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. The firm has a 50 day moving average price of $1.42 and a 200-day moving average price of $1.51. The company has a market capitalization of $32.97 million, a P/E ratio of -0.78 and a beta of 1.61.

Institutional Investors Weigh In On Reading International

Several large investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB bought a new position in Reading International in the 4th quarter worth approximately $354,000. Krilogy Financial LLC lifted its position in shares of Reading International by 11.6% during the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after acquiring an additional 246,000 shares in the last quarter. Wittenberg Investment Management Inc. boosted its holdings in shares of Reading International by 1.4% in the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after acquiring an additional 21,483 shares during the period. Finally, Logan Stone Capital LLC purchased a new position in shares of Reading International in the second quarter valued at $38,000. Hedge funds and other 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.