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 to investors on Sunday. The firm issued a sell rating on the stock.

Separately, Macquarie lifted their price objective on Reading International from $2.00 to $2.40 and gave the company a neutral rating in a research report on Tuesday, July 9th.

Reading International Price Performance

Reading International stock opened at $1.33 on Friday. The business has a 50 day simple moving average of $1.49 and a 200 day simple moving average of $1.71. The company has a debt-to-equity ratio of 8.61, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a one year low of $1.22 and a one year high of $2.84. The company has a market capitalization of $29.83 million, a PE ratio of -0.90 and a beta of 1.59.

Reading International (NASDAQ:RDI) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.59) earnings per share (EPS) for the quarter. Reading International had a negative net margin of 14.77% and a negative return on equity of 93.46%. The business had revenue of $45.05 million during the quarter.

Institutional Investors Weigh In On Reading International

An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC raised its holdings in Reading International, Inc. (NASDAQ:RDI) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,982,288 shares of the company’s stock after acquiring an additional 124,326 shares during the period. Krilogy Financial LLC owned about 8.84% of Reading International worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission. 44.70% of the stock is currently 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.