Reading International (NASDAQ:RDI) Research Coverage Started at StockNews.com

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

Separately, Macquarie increased their price objective on Reading International from $2.00 to $2.40 and gave the company a “neutral” rating in a report on Tuesday, July 9th.

Reading International Price Performance

RDI opened at $1.45 on Friday. The firm has a market capitalization of $32.52 million, a PE ratio of -0.82 and a beta of 1.61. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.18 and a quick ratio of 0.18. The business’s 50-day moving average is $1.66 and its two-hundred day moving average is $1.58. Reading International has a 1 year low of $1.22 and a 1 year high of $2.15.

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

Hedge Funds Weigh In On Reading International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Krilogy Financial LLC grew its position in Reading International by 6.7% during the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock worth $2,815,000 after purchasing an additional 124,326 shares during the last quarter. Logan Stone Capital LLC acquired a new stake in shares of Reading International during the second quarter worth $38,000. Finally, Wittenberg Investment Management Inc. grew its holdings in shares of 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 buying an additional 11,140 shares during the last quarter. 44.70% of the stock is owned by hedge funds and other 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.