TH International (NASDAQ:THCH) Shares Down 0.5% – Here’s Why

TH International Limited (NASDAQ:THCH)’s share price dropped 0.5% during mid-day trading on Thursday . The company traded as low as $1.85 and last traded at $1.89. Approximately 1,266 shares traded hands during trading, a decline of 76% from the average daily volume of 5,243 shares. The stock had previously closed at $1.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of TH International from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

TH International Trading Down 0.5%

The business’s fifty day simple moving average is $2.03 and its 200 day simple moving average is $2.17. The stock has a market cap of $62.82 million, a P/E ratio of -1.01 and a beta of 0.52.

TH International (NASDAQ:THCH) last issued its quarterly earnings data on Tuesday, April 14th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.15). The business had revenue of $44.09 million for the quarter, compared to analysts’ expectations of $51.22 million.

Institutional Investors Weigh In On TH International

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

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.