Reading International (NASDAQ:RDI) Now Covered by Analysts at StockNews.com

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

Reading International Price Performance

Shares of RDI opened at $1.63 on Friday. Reading International has a 52-week low of $1.53 and a 52-week high of $3.10. The company has a debt-to-equity ratio of 8.61, a quick ratio of 0.17 and a current ratio of 0.17. The business’s 50 day moving average price is $1.74 and its two-hundred day moving average price is $1.84. The firm has a market cap of $36.56 million, a PE ratio of -1.11 and a beta of 1.59.

Reading International (NASDAQ:RDI) last released its quarterly earnings data on Friday, March 29th. The company reported ($0.56) EPS for the quarter. Reading International had a negative net margin of 14.77% and a negative return on equity of 93.46%. 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 position in shares of Reading International, Inc. (NASDAQ:RDI) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,854,408 shares of the company’s stock after purchasing an additional 86,013 shares during the quarter. Krilogy Financial LLC owned 8.36% of Reading International worth $3,542,000 at the end of the most recent reporting period. 44.70% of the stock is currently owned by hedge funds and other institutional investors.

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.