Reading International (NASDAQ:RDI) Receives New Coverage from Analysts at StockNews.com

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

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

Reading International Price Performance

RDI stock opened at $1.62 on Wednesday. Reading International has a 1 year low of $1.22 and a 1 year high of $2.27. 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 stock has a market cap of $36.33 million, a price-to-earnings ratio of -1.10 and a beta of 1.61. The company has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $1.60.

Reading International (NASDAQ:RDI) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.42) earnings per share 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 for the quarter.

Institutional Investors Weigh In On Reading International

A number of large investors have recently bought and sold shares of RDI. Krilogy Financial LLC boosted its position in shares of 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 in the last quarter. Logan Stone Capital LLC bought a new stake in Reading International in the 2nd quarter valued at about $38,000. Finally, Wittenberg Investment Management Inc. raised its stake in Reading International by 0.7% during the 1st quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock worth $2,783,000 after buying an additional 11,140 shares during the period. 44.70% of the stock is currently owned by institutional investors and hedge funds.

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.