TH International (NASDAQ:THCH) Share Price Crosses Above 50 Day Moving Average – What’s Next?

TH International Limited (NASDAQ:THCH) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $1.23 and traded as high as $1.33. TH International shares last traded at $1.24, with a volume of 7,823 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TH International in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

TH International Stock Up 4.2%

The firm has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.70. The company has a market cap of $41.22 million, a P/E ratio of -0.55 and a beta of 0.51.

TH International (NASDAQ:THCH) last announced its earnings results on Tuesday, August 18th. The company reported ($0.25) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.25). The business had revenue of $40.24 million during the quarter, compared to analyst estimates of $42.14 million.

TH International Company Profile

TH International Limited is the master franchisee and exclusive operator of Tim Hortons coffee shops in China. The company develops and operates the Tim Hortons China business, serving coffee, tea, baked goods, breakfast items, sandwiches and other food products through its restaurants and digital ordering channels. Tim Hortons China opened its first location in Shanghai in 2019. Since then, the business has focused on expanding the Tim Hortons brand across mainland China, adapting its menu and store formats to local consumer preferences while maintaining the brand’s core coffee and food offerings.