Reading International (NASDAQ:RDI) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a report published on Thursday morning. The brokerage issued a sell rating on the stock.

Reading International Stock Performance

Reading International stock opened at $1.27 on Thursday. 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 12 month low of $1.22 and a 12 month high of $1.90. The company has a fifty day moving average price of $1.45 and a two-hundred day moving average price of $1.47. The company has a market cap of $28.48 million, a PE ratio of -0.68 and a beta of 1.62.

Reading International (NASDAQ:RDI) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.31. The company had revenue of $58.58 million during the quarter, compared to the consensus estimate of $53.00 million. Reading International had a negative net margin of 21.22% and a negative return on equity of 258.21%.

Institutional Trading of Reading International

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of Reading International by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after acquiring an additional 19,224 shares during the period. Wells Fargo & Company MN increased its position in Reading International by 19.1% during the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after acquiring an additional 36,561 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in Reading International during the 4th quarter valued at $354,000. Gamco Investors INC. ET AL boosted its holdings in Reading International by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after purchasing an additional 9,500 shares during the period. Finally, Krilogy Financial LLC grew 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. 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.