Equities researchers at StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI – Get Rating) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the stock.
Reading International Stock Performance
NASDAQ:RDI opened at $2.90 on Wednesday. The stock has a 50 day simple moving average of $3.17 and a 200 day simple moving average of $3.25. The stock has a market cap of $64.33 million, a P/E ratio of -2.01 and a beta of 1.58. Reading International has a 1-year low of $2.65 and a 1-year high of $4.88. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.21.
Reading International (NASDAQ:RDI – Get Rating) last posted its earnings results on Monday, April 3rd. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.26). Reading International had a negative return on equity of 45.76% and a negative net margin of 15.31%. The firm had revenue of $47.20 million for the quarter.
Institutional Inflows and Outflows
About Reading International
Reading International, Inc is an entertainment and real estate company, which engages in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through the Cinema Exhibition and Real Estate segments.
- Get a free copy of the StockNews.com research report on Reading International (RDI)
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