StockNews.com Initiates Coverage on Reading International (NASDAQ:RDI)

Equities research analysts at StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a report released on Friday. The brokerage set a “sell” rating on the stock.

Reading International Stock Up 1.2 %

Shares of NASDAQ RDI opened at $1.73 on Friday. Reading International has a 12 month low of $1.53 and a 12 month high of $3.24. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 5.27. The firm has a fifty day simple moving average of $1.76 and a two-hundred day simple moving average of $1.85. The firm has a market capitalization of $38.68 million, a PE ratio of -1.25 and a beta of 1.59.

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

Hedge Funds Weigh In On Reading International

An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC lifted its holdings in shares of Reading International, Inc. (NASDAQ:RDI) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,854,408 shares of the company’s stock after buying an additional 86,013 shares during the period. Krilogy Financial LLC owned approximately 8.36% of Reading International worth $3,542,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 44.70% of the company’s stock.

About Reading International

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.