TH International (NASDAQ:THCH) Trading Down 0.6% – Time to Sell?

TH International Limited (NASDAQ:THCH) was down 0.6% during mid-day trading on Monday . The company traded as low as $2.57 and last traded at $2.6350. Approximately 8,302 shares traded hands during trading, an increase of 6% from the average daily volume of 7,833 shares. The stock had previously closed at $2.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TH International in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, TH International presently has an average rating of “Sell”.

TH International Trading Down 0.6%

The company’s 50-day moving average is $2.58 and its 200 day moving average is $2.68. The stock has a market capitalization of $87.43 million, a PE ratio of -1.73 and a beta of 0.55.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TH International stock. Citadel Advisors LLC grew its stake in TH International Limited (NASDAQ:THCH) by 51.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,033 shares of the company’s stock after buying an additional 9,227 shares during the quarter. Citadel Advisors LLC owned 0.08% of TH International worth $71,000 as of its most recent SEC filing. 91.85% of the stock is owned by hedge funds and other institutional investors.

TH International Company Profile

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.