StockNews.com Initiates Coverage on Reading International (NASDAQ:RDI)

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

Reading International Stock Performance

NASDAQ:RDI opened at $1.55 on Wednesday. The stock’s 50-day moving average is $1.46 and its 200-day moving average is $1.52. Reading International has a 1-year low of $1.22 and a 1-year high of $2.05. The stock has a market cap of $34.77 million, a P/E ratio of -0.82 and a beta of 1.61. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04.

Institutional Trading of Reading International

Several institutional investors have recently added to or reduced their stakes in RDI. MassMutual Private Wealth & Trust FSB bought a new stake in Reading International in the fourth quarter valued at approximately $354,000. Krilogy Financial LLC lifted its stake in Reading International by 11.6% in the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after buying an additional 246,000 shares during the period. Finally, Wittenberg Investment Management Inc. lifted its stake in Reading International by 1.4% in the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after buying an additional 21,483 shares during the period. 44.70% of the stock is currently owned by 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.