TH International (NASDAQ:THCH) Shares Up 0.4% – Still a Buy?

TH International Limited (NASDAQ:THCH) shares shot up 0.4% during trading on Tuesday . The stock traded as high as $1.35 and last traded at $1.3550. 694 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 11,124 shares. The stock had previously closed at $1.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TH International in a report on Friday, July 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

TH International Price Performance

The business’s fifty day moving average price is $1.59 and its 200-day moving average price is $1.83. The stock has a market capitalization of $44.87 million, a PE ratio of -0.60 and a beta of 0.48.

TH International (NASDAQ:THCH) last posted its earnings results on Tuesday, August 18th. The company reported ($0.25) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.25). The firm had revenue of $40.24 million during the quarter, compared to analysts’ expectations of $42.14 million.

Institutional Trading of TH International

An institutional investor recently raised its position in TH International stock. Citadel Advisors LLC lifted its holdings in shares of TH International Limited (NASDAQ:THCH) by 51.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,033 shares of the company’s stock after purchasing an additional 9,227 shares during the quarter. Citadel Advisors LLC owned 0.08% of TH International worth $71,000 at the end of the most recent quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

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.