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

StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a research note published on Saturday. The firm issued a sell rating on the stock.

Reading International Stock Up 2.4 %

Shares of NASDAQ:RDI opened at $1.28 on Friday. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. Reading International has a 52-week low of $1.22 and a 52-week high of $2.15. The company has a market capitalization of $28.71 million, a PE ratio of -0.68 and a beta of 1.60. The company has a fifty day moving average of $1.44 and a 200-day moving average of $1.51.

Institutional Investors Weigh In On Reading International

An institutional investor recently bought a new position in Reading International stock. Logan Stone Capital LLC purchased a new stake in Reading International, Inc. (NASDAQ:RDI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned 0.12% of Reading International as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 44.70% of the company’s stock.

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.