TH International (NASDAQ:THCH) Stock Price Down 0.6% – Time to Sell?

TH International Limited (NASDAQ:THCH)’s share price fell 0.6% during mid-day trading on Monday . The stock traded as low as $2.57 and last traded at $2.6350. 8,302 shares were traded during mid-day trading, an increase of 6% from the average session volume of 7,833 shares. The stock had previously closed at $2.65.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TH International in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, TH International has an average rating of “Sell”.

TH International Stock Down 0.6%

The firm has a 50 day moving average of $2.58 and a 200-day moving average of $2.68. The company has a market cap of $87.43 million, a P/E ratio of -1.73 and a beta of 0.55.

Institutional Trading of TH International

An institutional investor recently raised its position in TH International stock. Citadel Advisors LLC increased its holdings in TH International Limited (NASDAQ:THCH) by 51.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,033 shares of the company’s stock after acquiring an additional 9,227 shares during the quarter. Citadel Advisors LLC owned approximately 0.08% of TH International worth $71,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.