TH International (NASDAQ:THCH) Share Price Breaks Above Fifty Day Moving Average – Here’s Why

TH International Limited (NASDAQ:THCH – Get Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.23 and traded as high as $1.49. TH International shares last traded at $1.29, with a volume of 12,217 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, TH International currently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on TH International

TH International Stock Up 8.9%

The company’s fifty day simple moving average is $1.23 and its two-hundred day simple moving average is $1.73. The company has a market capitalization of $42.88 million, a price-to-earnings ratio of -0.58 and a beta of 0.51.

TH International (NASDAQ:THCH – Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The company reported ($0.25) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.25). The firm had revenue of $40.24 million during the quarter, compared to analyst estimates of $42.14 million.

About TH International

(Get Free Report)

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.

TH International was established through a partnership between Restaurant Brands International Inc, the parent company of Tim Hortons, and Cartesian Capital Group.

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