TH International (NASDAQ:THCH) Stock Price Down 0.5% – Time to Sell?

TH International Limited (NASDAQ:THCH) was down 0.5% during trading on Thursday . The company traded as low as $1.85 and last traded at $1.89. Approximately 1,266 shares changed 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 Analyst Weigh In

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

TH International Price Performance

The company’s 50-day moving average is $2.03 and its 200-day moving average is $2.17. The firm has a market capitalization of $66.48 million, a price-to-earnings ratio of -1.06 and a beta of 0.52.

TH International (NASDAQ:THCH) last released its 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 for the quarter, compared to analyst estimates of $51.22 million.

Institutional Investors Weigh In On 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% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,743 shares of the company’s stock after buying an additional 18,731 shares during the period. Susquehanna International Group LLP owned about 0.09% of TH International worth $78,000 at the end of the most recent reporting period. 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.