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

Equities researchers at StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the stock.

Reading International Price Performance

Shares of NASDAQ:RDI opened at $1.40 on Friday. Reading International has a twelve month low of $1.22 and a twelve month high of $2.12. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04. The company has a market cap of $31.40 million, a PE ratio of -0.74 and a beta of 1.61. The company’s 50 day moving average is $1.43 and its 200 day moving average is $1.51.

Institutional Investors Weigh In On Reading International

A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC purchased a new stake in Reading International, Inc. (NASDAQ:RDI) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned 0.12% of Reading International as of its most recent filing with the SEC. 44.70% of the stock is currently owned by hedge funds and other institutional investors.

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.