TH International (NASDAQ:THCH) Trading 22% Higher – Here’s What Happened

Shares of TH International Limited (NASDAQ:THCH) traded up 22% during trading on Tuesday . The company traded as high as $1.99 and last traded at $1.91. 29,965 shares changed hands during trading, an increase of 313% from the average session volume of 7,264 shares. The stock had previously closed at $1.5650.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of TH International from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

TH International Stock Up 22.0%

The firm has a market capitalization of $63.49 million, a price-to-earnings ratio of -0.90 and a beta of 0.51. The business has a 50-day moving average of $1.87 and a two-hundred day moving average of $2.03.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in TH International stock. Citadel Advisors LLC increased its position in TH International Limited (NASDAQ:THCH) by 51.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,033 shares of the company’s stock after purchasing an additional 9,227 shares during the quarter. Citadel Advisors LLC owned approximately 0.08% of TH International worth $71,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

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.