Reading International (NASDAQ:RDI) Now covered by analysts at StockNews.com

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

Separately, Macquarie boosted their price objective on Reading International from $2.00 to $2.40 and gave the stock a neutral rating in a research note on Tuesday, July 9th.

Get our latest analysis of Reading International

International Transactions Reading down 1.7%

Shares of RDI stock opened at $1.73 on Thursday. The stock’s 50-day moving average is $1.43, and its two-hundred-day moving average is $1.64. The stock has a market cap of $38.80 million, a PE ratio of -1.18 and a beta of 1.59. Reading International has a 12 month low of $1.22 and a 12 month high of $2.59. The company has a debt-to-equity ratio of 8.61, a current ratio of 0.17, and a quick ratio of 0.17.

Reading International (NASDAQ:RDI – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.42) EPS for the quarter. The company had revenue of $46.81 million for the quarter. Reading International had a negative return on equity of 93.46% and a negative net margin of 14.77%.

Institutional investors weigh in on Reading International

Several institutional investors and hedge funds have recently made changes to their positions in CDI. Wittenberg Investment Management Inc. raised its holdings in shares of Reading International by 0.7% in the first quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock worth $2,783,000 after purchasing an additional 11,140 shares during the period. Logan Stone Capital LLC bought a new stake in shares of Reading International in the second quarter valued at approximately $38,000. Finally, Krilogy Financial LLC increased its position in shares of Reading International by 6.7% during the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after bought an additional 124,326 shares in the last quarter. 44.70% of shares are owned by institutional investors and hedge funds.

Reading International Company Profile

(Get a free report)

Reading International, Inc, together with its subsidiaries, focuses on owning, developing and operating real estate and entertainment 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.

Recommended articles

Get news and reviews for Reading International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Reading International and related companies with MarketBeat.com’s FREE daily email newsletter.