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

StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a research note issued on Monday. The brokerage set a “sell” rating on the stock.

Reading International Trading Up 2.2 %

Shares of Reading International stock opened at $1.40 on Monday. The stock has a 50 day moving average of $1.42 and a 200 day moving average of $1.51. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $31.40 million, a price-to-earnings ratio of -0.74 and a beta of 1.61. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $2.07.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reading International stock. Logan Stone Capital LLC purchased a new position in shares of Reading International, Inc. (NASDAQ:RDI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned 0.12% of Reading International at the end of the most recent reporting period. Institutional investors 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.