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

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report sent to investors on Monday. The brokerage issued a sell rating on the stock.

Separately, Macquarie upped 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 Stock Performance

Reading International stock opened at $1.62 on Monday. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $2.27. The company has a market capitalization of $36.34 million, a price-to-earnings ratio of -1.10 and a beta of 1.61. The stock has a fifty day moving average of $1.60 and a two-hundred day moving average of $1.62. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.18 and a current ratio of 0.18.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Logan Stone Capital LLC purchased a new position in shares of Reading International in the second quarter valued at $38,000. Krilogy Financial LLC boosted its position in Reading International by 6.7% in the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after buying an additional 124,326 shares during the last quarter. Finally, Wittenberg Investment Management Inc. grew its stake 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 acquiring an additional 11,140 shares in 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.