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

Equities research analysts at StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a report issued on Wednesday. The brokerage set a “sell” rating on the stock.

Reading International Stock Down 2.4 %

Shares of RDI stock opened at $1.64 on Wednesday. The company has a market capitalization of $36.67 million, a price-to-earnings ratio of -1.19 and a beta of 1.59. Reading International has a one year low of $1.53 and a one year high of $3.35. The company’s fifty day moving average price is $1.83 and its 200-day moving average price is $1.89. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.29 and a quick ratio of 0.29.

Institutional Trading of Reading International

An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC raised its stake in Reading International, Inc. (NASDAQ:RDI) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,854,408 shares of the company’s stock after acquiring an additional 86,013 shares during the period. Krilogy Financial LLC owned approximately 8.36% of Reading International worth $3,542,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.