Reading International (NASDAQ:RDI) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Reading International (NASDAQ:RDI – Get Rating) in a research note issued on Sunday. The firm set a “sell” rating on the stock.

Reading International Trading Up 1.5 %

Reading International stock opened at $2.66 on Friday. The company’s fifty day simple moving average is $2.98 and its 200-day simple moving average is $3.17. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.21. Reading International has a 12 month low of $2.53 and a 12 month high of $4.88. The stock has a market cap of $59.00 million, a P/E ratio of -1.85 and a beta of 1.58.

Get Reading International alerts:

Reading International (NASDAQ:RDI – Get Rating) last posted its quarterly earnings results on Monday, May 15th. The company reported ($0.50) EPS for the quarter. Reading International had a negative net margin of 15.31% and a negative return on equity of 45.76%. The company had revenue of $45.81 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC lifted its position in Reading International by 25.3% during the 1st quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock worth $202,000 after acquiring an additional 12,500 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Reading International by 11.6% during the first quarter. Gamco Investors INC. ET AL now owns 250,100 shares of the company’s stock valued at $813,000 after buying an additional 25,900 shares during the last quarter. Krilogy Financial LLC raised its position in shares of Reading International by 56.0% during the first quarter. Krilogy Financial LLC now owns 1,565,500 shares of the company’s stock valued at $5,088,000 after buying an additional 562,290 shares during the last quarter. Marquette Asset Management LLC raised its position in shares of Reading International by 15.9% during the first quarter. Marquette Asset Management LLC now owns 46,773 shares of the company’s stock valued at $152,000 after buying an additional 6,425 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Reading International by 186.4% during the fourth quarter. Wells Fargo & Company MN now owns 97,447 shares of the company’s stock valued at $270,000 after buying an additional 63,421 shares during the last quarter. Institutional investors and hedge funds own 45.20% of the company’s stock.

About Reading International

(Get Rating)

Reading International, Inc is an entertainment and real estate company, which engages in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through the Cinema Exhibition and Real Estate segments.

See Also

• Get a free research report on Reading International from StockNews.com
• MarketBeat Week in Review – 6/19 – 6/23
• CarMax Stock Flying On Earnings Beat, Return Of The Highs?
• Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
• Smith & Wesson, A Timeless Value Play At Decade Lows
• Five stocks we like better than Reading International

Receive News & Ratings for Reading International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reading International and related companies with MarketBeat.com's FREE daily email newsletter.