Reading International (NASDAQ:RDI) Now Covered by StockNews.com

StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a research note released on Wednesday morning. The brokerage issued a sell rating on the stock.

Reading International Stock Up 1.9 %

Shares of NASDAQ:RDI opened at $1.58 on Wednesday. Reading International has a 12-month low of $1.22 and a 12-month high of $2.05. The stock has a market capitalization of $35.44 million, a price-to-earnings ratio of -0.84 and a beta of 1.61. The stock has a fifty day simple moving average of $1.46 and a two-hundred day simple moving average of $1.52. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04.

Institutional Trading of Reading International

Institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Reading International in the 4th quarter worth $354,000. Krilogy Financial LLC boosted its position in shares of Reading International by 11.6% during the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after buying an additional 246,000 shares during the last quarter. Finally, Wittenberg Investment Management Inc. increased its holdings in Reading International by 1.4% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after buying an additional 21,483 shares in the last quarter. 44.70% of the stock is owned by hedge funds and other institutional investors.

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.