Reading International (NASDAQ:RDI) Now Covered by initiated coverage on shares of Reading International (NASDAQ:RDIFree Report) in a research report report published on Saturday. The brokerage issued a sell rating on the stock.

Reading International Stock Performance

Shares of RDI opened at $1.66 on Friday. The firm’s 50 day simple moving average is $1.75 and its 200 day simple moving average is $1.84. The company has a market capitalization of $37.12 million, a P/E ratio of -1.13 and a beta of 1.59. 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 1-year low of $1.53 and a 1-year high of $3.10.

Reading International (NASDAQ:RDIGet Free Report) last announced its earnings results on Friday, March 29th. The company reported ($0.56) earnings per share for the quarter. The company had revenue of $45.32 million during the quarter. Reading International had a negative net margin of 14.77% and a negative return on equity of 93.46%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Reading International stock. Wittenberg Investment Management Inc. lifted its position in Reading International, Inc. (NASDAQ:RDIFree Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,512,738 shares of the company’s stock after purchasing an additional 11,140 shares during the period. Reading International comprises approximately 0.9% of Wittenberg Investment Management Inc.’s portfolio, making the stock its 20th biggest holding. Wittenberg Investment Management Inc. owned about 6.77% of Reading International worth $2,783,000 at the end of the most recent reporting period. 44.70% 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.

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