Reading International (NASDAQ:RDI) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a research note published on Saturday morning. The firm issued a sell rating on the stock.

Separately, Macquarie increased their price target on shares of Reading International from $2.00 to $2.40 and gave the stock a neutral rating in a research note on Tuesday, July 9th.

Reading International Trading Down 0.6 %

NASDAQ RDI opened at $1.79 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 15.80. Reading International has a 1-year low of $1.22 and a 1-year high of $2.34. The firm’s fifty day simple moving average is $1.52 and its 200-day simple moving average is $1.62. The company has a market capitalization of $40.15 million, a PE ratio of -1.22 and a beta of 1.61.

Reading International (NASDAQ:RDI) last issued its earnings results on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. The firm had revenue of $46.81 million during the quarter. Reading International had a negative return on equity of 153.86% and a negative net margin of 19.32%.

Institutional Investors Weigh In On Reading International

A number of large investors have recently added to or reduced their stakes in RDI. Wittenberg Investment Management Inc. boosted its holdings in Reading International by 0.7% during the first quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock valued at $2,783,000 after acquiring an additional 11,140 shares during the period. Logan Stone Capital LLC acquired a new position in shares of Reading International during the 2nd quarter worth about $38,000. Finally, Krilogy Financial LLC boosted its stake in Reading International by 6.7% during the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after purchasing an additional 124,326 shares during the period. Institutional investors own 44.70% of the company’s stock.

About Reading International

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.