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

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDIGet Rating) in a research note published on Monday morning. The brokerage issued a sell rating on the stock.

Reading International Trading Up 1.5 %

Shares of RDI opened at $3.42 on Monday. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a 50 day simple moving average of $3.42 and a 200-day simple moving average of $3.73. Reading International has a 1-year low of $3.15 and a 1-year high of $4.88. The stock has a market cap of $75.24 million, a price-to-earnings ratio of -3.35 and a beta of 1.53.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Atria Wealth Solutions Inc. purchased a new position in shares of Reading International during the 1st quarter worth approximately $54,000. Tower Research Capital LLC TRC grew its stake in Reading International by 236.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 17,005 shares of the company’s stock worth $56,000 after acquiring an additional 11,951 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in Reading International in the 1st quarter worth approximately $71,000. Marquette Asset Management LLC purchased a new stake in Reading International in the 3rd quarter worth approximately $84,000. Finally, Gabelli Funds LLC grew its stake in Reading International by 17.9% in the 1st quarter. Gabelli Funds LLC now owns 49,500 shares of the company’s stock worth $212,000 after acquiring an additional 7,500 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

About Reading International

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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.

Further Reading

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