Reading International (NASDAQ:RDI) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a research note issued to investors on Thursday. The brokerage issued a sell rating on the stock.

Reading International Trading Down 1.9 %

RDI stock opened at $1.58 on Thursday. The business has a fifty day moving average price of $1.47 and a 200 day moving average price of $1.53. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $2.05. The stock has a market capitalization of $35.43 million, a price-to-earnings ratio of -0.84 and a beta of 1.62.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RDI. Wittenberg Investment Management Inc. grew its holdings in Reading International by 1.4% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after acquiring an additional 21,483 shares during the last quarter. Krilogy Financial LLC lifted its position in shares of Reading International by 11.6% during the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after purchasing an additional 246,000 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in shares of Reading International during the fourth quarter valued at approximately $354,000. 44.70% of the stock is owned by 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.