Reading International (NASDAQ:RDI) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a report published on Monday. The firm issued a sell rating on the stock.

Reading International Trading Up 1.4 %

Shares of RDI opened at $1.42 on Monday. Reading International has a 12 month low of $1.22 and a 12 month high of $2.07. The stock’s 50-day moving average is $1.42 and its two-hundred day moving average is $1.51. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market cap of $31.84 million, a PE ratio of -0.76 and a beta of 1.61.

Hedge Funds Weigh In On Reading International

A number of institutional investors and hedge funds have recently bought and sold shares of RDI. Wittenberg Investment Management Inc. raised its stake in shares of Reading International by 1.4% during the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after purchasing an additional 21,483 shares during the period. Logan Stone Capital LLC purchased a new position in shares of Reading International in the second quarter valued at $38,000. Finally, Krilogy Financial LLC grew its holdings in Reading International by 11.6% during the 4th quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after purchasing an additional 246,000 shares in the last quarter. 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.