StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a research report sent to investors on Sunday morning. The brokerage issued a sell rating on the stock.
Reading International Price Performance
Shares of RDI opened at $1.41 on Friday. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $2.12. The firm has a 50-day simple moving average of $1.43 and a 200-day simple moving average of $1.51. 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 company has a market capitalization of $31.62 million, a price-to-earnings ratio of -0.75 and a beta of 1.61.
Hedge Funds Weigh In On Reading International
A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC acquired a new position in shares of Reading International, Inc. (NASDAQ:RDI – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned 0.12% of Reading International 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.
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