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

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

Reading International Price Performance

Shares of NASDAQ RDI opened at $1.41 on Friday. The company has a market capitalization of $31.62 million, a price-to-earnings ratio of -0.75 and a beta of 1.61. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a 1-year low of $1.22 and a 1-year high of $2.12. The business has a 50-day moving average of $1.43 and a 200-day moving average of $1.51.

Institutional Investors Weigh In On Reading International

A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC acquired a new stake in shares of Reading International, Inc. (NASDAQ:RDI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned approximately 0.12% of Reading International as of its most recent SEC filing. 44.70% of the stock is owned by 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.