Reading International (NASDAQ:RDI) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDIFree Report) in a report issued on Monday morning. The firm issued a sell rating on the stock.

Reading International Price Performance

RDI stock opened at $1.88 on Monday. The firm has a 50 day moving average of $1.93 and a 200-day moving average of $2.07. Reading International has a 12-month low of $1.70 and a 12-month high of $3.70. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 3.94. The company has a market cap of $41.70 million, a price-to-earnings ratio of -1.32 and a beta of 1.61.

Reading International (NASDAQ:RDIGet Free Report) last posted its quarterly earnings results on Tuesday, November 14th. The company reported ($0.20) earnings per share (EPS) for the quarter. Reading International had a negative net margin of 14.03% and a negative return on equity of 61.81%. The company had revenue of $66.56 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Atria Wealth Solutions Inc. acquired a new position in shares of Reading International during the 1st quarter worth approximately $54,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Reading International during the 1st quarter worth approximately $71,000. Tower Research Capital LLC TRC raised its holdings in Reading International by 236.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 17,005 shares of the company’s stock valued at $56,000 after acquiring an additional 11,951 shares during the last quarter. Gabelli Funds LLC raised its holdings in Reading International by 17.9% in the 1st quarter. Gabelli Funds LLC now owns 49,500 shares of the company’s stock valued at $212,000 after acquiring an additional 7,500 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Reading International by 6.2% in the 2nd quarter. BlackRock Inc. now owns 96,902 shares of the company’s stock valued at $257,000 after acquiring an additional 5,629 shares during the last quarter. 47.35% of the stock is currently owned by institutional investors and hedge funds.

About Reading International

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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.

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