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

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a report published on Thursday. The brokerage issued a sell rating on the stock.

Reading International Stock Performance

Shares of RDI stock opened at $1.70 on Thursday. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $38.01 million, a price-to-earnings ratio of -1.23 and a beta of 1.59. Reading International has a one year low of $1.53 and a one year high of $3.27. The company has a 50 day moving average price of $1.77 and a 200 day moving average price of $1.86.

Reading International (NASDAQ:RDI) last released its quarterly earnings data on Friday, March 29th. The company reported ($0.56) EPS for the quarter. The firm had revenue of $45.32 million for the quarter. Reading International had a negative return on equity of 70.68% and a negative net margin of 13.77%.

Institutional Investors Weigh In On Reading International

An institutional investor recently raised its position in Reading International stock. Wittenberg Investment Management Inc. raised its position in Reading International, Inc. (NASDAQ:RDI) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,512,738 shares of the company’s stock after buying an additional 11,140 shares during the period. Reading International makes up about 0.9% of Wittenberg Investment Management Inc.’s holdings, making the stock its 20th biggest holding. Wittenberg Investment Management Inc. owned approximately 6.77% of Reading International worth $2,783,000 at the end of the most recent quarter. 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.