Reading International (NASDAQ:RDI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a research note issued to investors on Wednesday. The firm issued a sell rating on the stock.

Reading International Price Performance

NASDAQ RDI opened at $1.65 on Wednesday. Reading International has a 52 week low of $1.53 and a 52 week high of $3.35. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 5.27. The stock has a market cap of $36.89 million, a price-to-earnings ratio of -1.20 and a beta of 1.59. The company has a 50-day moving average price of $1.81 and a two-hundred day moving average price of $1.88.

Reading International (NASDAQ:RDI) last posted its earnings results on Friday, March 29th. The company reported ($0.56) EPS for the quarter. Reading International had a negative return on equity of 70.68% and a negative net margin of 13.77%. The firm had revenue of $45.32 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC increased its stake in Reading International, Inc. (NASDAQ:RDI) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,768,395 shares of the company’s stock after acquiring an additional 133,485 shares during the period. Krilogy Financial LLC owned approximately 7.97% of Reading International worth $3,749,000 at the end of the most recent reporting period. 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.