TH International (NASDAQ:THCH) Stock Price Down 7.4% – Should You Sell?

Shares of TH International Limited (NASDAQ:THCH) traded down 7.4% during mid-day trading on Wednesday . The company traded as low as $1.70 and last traded at $1.63. Approximately 7,838 shares traded hands during trading, an increase of 18% from the average session volume of 6,633 shares. The stock had previously closed at $1.76.

Analyst Ratings Changes

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

TH International Price Performance

The stock has a market cap of $54.18 million, a P/E ratio of -0.77 and a beta of 0.50. The company has a fifty day moving average price of $1.79 and a 200 day moving average price of $1.98.

Institutional Trading of TH International

A hedge fund recently raised its stake in TH International stock. Susquehanna International Group LLP raised its holdings in shares of TH International Limited (NASDAQ:THCH) by 170.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,743 shares of the company’s stock after purchasing an additional 18,731 shares during the quarter. Susquehanna International Group LLP owned 0.09% of TH International worth $78,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 91.85% of the company’s stock.

About TH International

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.