StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a report released on Tuesday. The firm issued a sell rating on the stock.
Reading International Stock Up 14.0 %
RDI stock opened at $1.63 on Tuesday. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. The company has a 50-day moving average of $1.42 and a two-hundred day moving average of $1.51. The stock has a market capitalization of $36.56 million, a price-to-earnings ratio of -0.87 and a beta of 1.61. Reading International has a 52-week low of $1.22 and a 52-week high of $2.07.
Institutional Trading of Reading International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Logan Stone Capital LLC bought a new position in shares of Reading International during the second quarter valued at $38,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Reading International during the fourth quarter worth $354,000. Wittenberg Investment Management Inc. increased its position in Reading International by 1.4% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after acquiring an additional 21,483 shares in the last quarter. Finally, Krilogy Financial LLC raised its position in Reading International by 11.6% in the 4th 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 during the last quarter. 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.
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